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Doubt Over Quay! 
Helps Dukakis Inch 
Near Bush in a Poll 


Published With Hie Ne w liork Times and The Washington Fbst 

~"~~ PAMS, THURSDAY, OCTOBER 6. 1988 



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By E. J. Dionne Jr. 

New York Tima Service 
. YORK — Governor Mi- 
dad S. Dukakis, helped by tradi- 
haial Democrats and by wide- 
piread public skepticism about 
Senato l^n Quayle of Indiana, 
vice President George Bush's run- 
ning mate, is dosing in on Mr. 
wwh, according to the latest New 
Ymt Times-CBS News Poll 
"fc. Bosh led with 45 percent to 
Mr, Dukakis’s 43 percent in the 
poll of 1 ,034 registered voters, con- 
ducted Saturday through Monday 
and weighted to reflect respon- 
dents hkefihood of voting. 


In a Times-CBS poll taken 10 


!4 


L1A Keportedhr Given 
I®"™ ££££s? ® F ree Rein by Reagan 


days earlier, Mr. Bulled Mr. Du- 
kakis by 46 percent to 40 percent 
The small shift toward Mr. Du- 
kakis was within the survey’s mar- 
gin of sampling error of pins or 
mums three percentage points. But 
t h ere were several n ffier measures 
also indicating that the race was 
tightening. 

For example, when those who 
were u n decided were asked which 
way they leaned, Mr. Bush had 48 
parapt, Mr. Dukakis 46 percent. 
Only two-thirds of the probable 
electorate said thar mrnri$ were 
wade up; 34 percent favored Mr. 
Bnsh and 32 percent Mr. Dukakis. 
Both of those sets erf figures woe 
closer to one another than in the 
Sept 21-23 poU 
Since the debate between the two 


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candida te s on 25, Mr. Doka- 


By Bob Woodward 
and Walter Pincus 

H’askatgto n Peal Service 

WASHINGTON — President 


grace Agency, indnding the then- 
director of central intelligence, 
William J. Casey, wanted such lan- 


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„ - guage to protect U^. field offices w _ 

Ronald Reagan signed intdligence an “ “« foreign strike teams ctm- Mr. Dc 
authorizations in 1 984 and loss f OT tenqda t ed by the intdHgence find- SpMR jS E 
aggressive covert onemtinne higs. the sources said. President 


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aggressive covert operations 
against terrorists that said any ac- 
tions taken under the orders would 
be “deemed lawful” if cnmdu p fQ d jn 
“good faith,” according to officials 
. This language provoked disputes 
in the government because it was 
generally considered “a license to 
W the officials said. As far as 
could be dete rmin ed, no one was 

killed as a result of the intelligence 
findings that Mr. Reagan ogm-d 

An Executive Order signed by 
Mr. Reagan that was then — and is 
now — m effect specifically bans 
any direct or indirect involvement 
by U-S. intelligence agents in assas- 
sinations. 

But key administration nffiriafe 


ings, the sources said. 

A key official involved with the 
comuertenorist findings card the 
findings were an “astounding 
blank check and truly a “license to 
kiD’ provision.” 

A former White House official 


Ids has solidified his support within 
the Democratic Party base. He 
scored his greatest garm over the 
last several weeks among blacks, 
among voters canting from $12^00 
to 525,000 a year; and among those 
who call themselves liberals. 

Mr. Dukakis also gained ground 

Democrats who voted for 

at Ronald Reagan in 1984, 
a key target group for both cam- 
paigns. 

The debate may have played a 
significant role in those change 
Voters were inclined to rate Mr. 
D uka kis the winner erf ins detune 



Kremlin Urges 
Market Reform 


New Chief Ideologist Calls 
For Economic Flexibility 


A voter in a spirited dfeenssion with a soldier Wednesday outside a polling certer'ta'sa^^r^ 


' * iiaum niuic ninuc oiiiciai “uuius LUC w inner or mS o**paif 

called the orders the “go anywhere, with Mr. Bush. In the latest poll, 35 
do anything" authority. percent said Mr. Dukakis “did the 

Knowledge of this finding was best job— or won” the debate; 28 
tightly hdd, bat it was known to percent said Mr. Bosh had won. 
kqr officials. White House officials Immediately after the debate, sev- 
have said that Vice President eral surveys, including a CBS News 
George Bush would have been giv- PoU and a Gallup Poll for News- 
cn a copy of, or access to, the find- week, showed the public about 


Turnout Is Heavy in Chile 
In Referendum on Pinochet 


mg. 


, . uui rey administration offidah 

Uff COBURG NOTH f 10 undertake preemptive 

• > iu - v A I F‘Veranons that could result in kffl- 

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ings— for 

known terrorist 

— to combat increasing terrorist 
activity, the sources said These of- 
ficials also wanted l^gal protection 
from the eristmg Executive Order 
that prohibited any UJS. gpvent- 
soent partidpation in assasrina- 
lion. the sources said. 

A source said the language was 
specifically designed to “cocum- 
vent the assassmation ban," the lat- 
est version of which was signed on 
Dec. 4. 1981, by Mr. Reagan. 

«. s Officials at the Central Inteffi- 


{Mr. Reagan's chief spokesman 
said Wednesday that die president 
had never signed intelligence find- 
ings or documents intended to au- 
thorize assassinations by U.S. 


evenly divided on which roruM** 
did best. 


Besides measuring the effect of 


By Eugene Robinson 

Washington Post Service 

SANTIAGO — Mfflions of Chil- 
eans stood for hours in slow-mov- 
ing lines Wednesday to vote to ac- 


— 0 — *# LUO.I m . — 4 , ~ " **V- 

the last debate, the new poll ce P 1 m President Augusto 
takes were Puiochet’s bid for eight more years 


tie Associated Press reported 
from Washingon.} 

[But the spokesman, MariinFUz- 


sbowed how high the stakes 
for Mr. ^uayle in his natimntDy 


water, said thoe was l»ngnay m 
enceautnori- 


1984 and 1985mtriKgenceawuMt- nrucu vouas were now 
zarionsihatwasresdiidedinasab- they would vote if they were casting 
seqund^tcSigeitcc-(kianiieai-m ballots only for president and not 
May 1986. That language has been for a vice president as well, the 
interpreted by some as paving the survey found that Mr. Bush’s 2- 


tdevised debate Wednesday night 
with Senator Lloyd Bentsen of Tex- 
as, Mr. Dakakis’s running mate. 

The poll found Mr. Bentsen to be 
a major asset for Mr. Dukakis. 

When voters were asked how 


way for CIA agents to skirt the 
earlier executive older. 

IMr. Ktzwater denied that the 
1984-1985 findings conld have 

See CIA, Page 7 


point lead over Mr. Dukakis be- 
came a 5-point lead. This suggested 
that voters' comparisons of Mr. 
Quayle with Mr. Bentsen were 

See POLL, Page 7 


in power, embracing election ritu- 
als that had gone mxpracticed since 
the general look power after a mili- 
tary coup 15 years ago. 

Official returns from the Nation- 
al Election Service are not expected 
until Friday. 

[As first unofficial counts came 
in. pro-government news media 
said there was a disnnenrend in 
favor of eight more years in power 
for General Pinochet Opposition 
leaders said the reverse. 

fWe are in a position to affirm 
that the triumph of the *no’ will be 
categoric and definite,” said Ricar- 
do Lagos, a moderate SodaHsL 


Page 13 
FOR MORE 
CLASSIFIEDS 


Hours b^ore the polls dosed, Mr. 
Lagos said: “This morning I said 
we would win by 15 (percentage) 
points. It will be more.** 

[At the same time, gove rnmen t 
news media began issuing par tial 
results that pointed to a resp onding 
victory for General Pinochet. The 
semi-official news agency Orbe 
said the te n d e ncy “confirms over- 
whelmingly the forecasts delivered 
this morning” — - a reference to a 
government-commissioned poll 
showing General Pinochet winning 
55 per cent against 45 per cent for 
his opponents.] 

Turnout was heavy and voting 
went more slowly than expected 
The pace was so deliberate, m fact, 
that it was the source of almost all 
the irregularities opposition leaders 
a led in their preliminary assess- 
ments of the fairness of the vote. 

Generally, though, opposition 


leaders said procedures for the 
plebiscite, in which General Pino- 
chet stood as his regime’s sole can- 
didate for president, appeared fair. 
They were particularly heartened 
to find significantly less of a mili- 
tary presence in the streets 
Wednesday than they had expect- 
ed, 

“Our information shows that the 
electoral process is proceeding nor- 
mally," said Patricio Aylwin, chair- 
man of the coalition of 16 opposi- 
tion parties that campaigned for a 
vote against General Pinochet in 
the plebiscite. 

The opposition worried, howev- 
er, that the long lines mi gh t dis- 


By Bill Keller 

New York Tima: Service 

MOSCOW — The Kremlin's 
new chief ideologist, moving quick- 
ly to set tiie tone for the restruc- 
tured Soviet leadership, has called 
for more radical experiments with 
market economics and rejected the 
idea of a world straggle against the 
West. 

The speech, published Wednes- 
day in the Communist Party daily 
Pravda, seemed to confirm that the 
shake-up of the Soviet leadership 
last week was an advance for the 
forces of change and a setback for 
conservatives. 

The ideology chief, Vadim A. 
Medvedev, who was promoted Fri- 
day to the ruling Politburo and 
named chairman of a commission 
that will oversee the party line, told 
a gathering of political scientists 
from Communist countries on 
Tuesday that Communism was in a 
period of crisis around the world. 

He called for a new concept of 
Communism, borrowing political 
and economic ideas not only from 
other Communist countries, but 
even from the capitalist West. 

On the two issues that had re- 
cently divided top party officials — 
state control of the domestic econ- 
omy and the world struggle be- 
tween Communist and capitalist 
systems — Mr. Medvedev sided 
with those who call themselves new 
thinkers. 

His comments were an unmis- 
takable repudiation of the more or- 
thodox views on domestic and for- 
eign policy put forth by Yegor K. 
ligachev, who earlier held the ide- 
ology portfolio. 

Mr. Ligachev often seemed out 
of step with Mikhail S. Gorbachev, 
the Soviet leader. In the reshuffle of 
senior positions, be was placed in 
charge of a newly created commis- 
sion on agricultural policy, while 
retaining Ms position as a full vot- 


gents in their quest to overthrow 
capitalist rulers. 

Too much talk of coexistence, he 
warned, “only confuses the minds 
of the Soviet people and our friends 
abroad." 

Where Mr. Ligachev has scorned 
the Western idea of free markets as 
anathema to Communism, Mr. 
Medvedev described the laws of 
supply and demand as the only way 
to produce a flexible economy. 

“The market is an indispensable 
means of gearing production to 
fast-changing demand, and a major 

See SOVIET, Page 7 


Soviets Drop 
Demand in 
Arms Talks 


m^member of the Politburo. 


courage some people ftornvoting, 
ed that the govem- 




lUTOYU 

JYFSS 


and complained 0 

ment had apparently not provided 
enough voting tables to handle the 

See QHLE, Page 7 


Kiosk 


Reagan Studies 
Contra Arms 


WASHINGTON (AFT) — 
President Ronald Reagan is 
considering asking Congress 
to supply Nicaraguan contra 
rebels with $16.5 million 
worth of weapons stockpiled 
in Honduras, the White House 
announced Wednesday. 


Oil Prices 
Fall Again 
On Glnt Fear 



Congressional approval of 
the possible request will be dif- 
ficult to obtain because the 
House of Representatives and 
the Senate hope to adjourn for 
l, the year next week, to allow 
If legislators up for re-etectioo in 
q November to campaign. 

Congress rejected a request 
by Mr. Reagan for renewed 
military aid on February 3, 
and weapons deliveries to the 
contras were formally halted 
on Feb. 29. 






W-“- 






Compiled fy Our Staff From Dispatches 

NEW YORK — Oil futures 
prices, battered by bearish news, 
did Wednesday to set fresh 26- 
month lows. 

November futures tumbled weD 
below $13 per bared mi the Mer- 
cantile Exchange, raising the possi- 
bility of a price crash matching the 
one in 1986, analysts said. 

“There is a chance prices could 
drop to the 1986 low of $9.75 a 
bared unless there is a significant 



drop in OPEC production,' — 
Andrew Lebow at ED. and F. Man 
International Futures Tnr 
At the dose on the New York 
market. West Texas Interm edia te, 
the benchmark UJS. crude, was 
down 47 coots at $12.60 per band 
The market, hit Tuesday by the 
statement from Saudi Arabia that 


it would not rein in oil production 
f theOrgani- 


while other members of i u .... 

ration of Petroleum Exporting 
Countries exceeded cared quotas, 
found fresh cause for 


worry. 

Reports of heightened ou tan fere 


* * 


.tf. -i 


A 


NYT 


VOLVO 

s mon£ y 


iV° 


President Jos£ Eduardo 
dos Santos of Angola pre- 
dicted an accord soon on a 
Cuban puBout and Namib- 
ian independence. ~ 


firin g out of the Gulf faded fears 
that overproduction would contin- 
ue. The American Petroleum Insti- 
tute reported a sharp rise in UB. oil 
stocks. And rumors drcnlated that 
k planned to quit OPEC The 
rumors were demed.(Page 9) 

(AP 3 Remen) 



Egyptians 
Resurrect 
A Parade 


Egyptian special 
forces displaying self- 
defense techniques on 
Wednesday at a rmUtary 
parade in Cairo 
marking the 15th 
anniversary of the 
1973 Arab-Isradi war. It 
was the first such 
parade since President 
Anwar Sadat was 
assassinated at the same 
event on Oct. 6, 1981. 
The revived event was 
televised, but only Mr. 
Sadat’s successor, Hosm 
Mubarak, and a few 
other officials woe 
allowed to watch in 
person. 


Ream 


JC move is thought to have di- 
minished his influence over ideolo- 
gy and foreign policy, although it is 
too early to say that conservatives 
have been vanquished or silenced. 

The speech published Wednes- 
day di^iels some uncertainty about 
Mr. Medvedev, who had alow pub- 
lic profile before his ascent last 
week into the inner chela 
In his call for a flexible, experi- 
. mental approach to Co mmunism 
Mr. Medvedev echoed Alexander 
N. Yakovlev, the Politburo mem- 
ber upon wham Mr. Gorbachev is 
thought to lean most heavily for 
intellectual counsel. 

The new ideologist and Mr. Ya- 
kovlev served together as deputies 
in the CommumsL Party propagan- 
da department in the eariy 1970s. 

On the question of the Soviet 
rofe in the world, Mr. Medvedev 
rejected the notion of a stru ggl e to 
the death between Communism 
and capitalism. 

“Present-day realities,*’ be said, 
mean that “universal values" such 
a s avoi ding war and ecological ca- 
tastrophe most outweigh the idea 
of a struggle between the classes. 

“Peaceful coexistence, as we see 
it today, is a lengthy, long-term 
process whose histone limits are 
difficult to determine,” he said. 

While Mr. Gorbachev was on 
vacation in August, Mr. Ligachev 
argued in a speech in Gorky that 
Soviet foreign policy must be based 
on worldwide class struggle, code 
for supporting Communist insur- 


By Michael R. Gordon 

New York Times Service 

WASHINGTON — The Soviet 
Union has withdrawn a demand 
that has held up new East-West 
talks on cutting conventional anus, 
according to Reagan administra- 
tion officials. 

They, said ihe Russians had 
dropped their demand that defen- 
sive fighter aircraft be excluded 
from the talks. The change caim» 
when the Soviet foreign minister, 
Eduard A. Shevardnadze, met with 
Secretary of State George P. Shultz 
in New York last week. 

The Soviet move means that the 
two sides basically agree on 
weapons to be discussed, 1 

they do not agree that there : 

necessarily be limits on all those 
weapons. 

Ground-based weapons and air- 
craft will be the focus of discussion, 
and naval farces, chemical weap- 
ons and nuclear weapons are to be 
excluded. 


the 


But the two sides do not entirely 

agree on the territory that would be 

rramirl Un <L n 


covered b^r the talks, which are sup- 
n the 


posed to deal with forces from 
Atlantic to the Urals. 

Western nations want to exclude 
Turkish forces deployed in Turkey 

near Iraq and Iran, but at the same 

tone to indude Soviet forces in the 
Caucasus. 

Soviet officials have argued that 
if some Turkish territory is exclud- 
ed, some Soviet forces in the Cau- 
casus should also be excluded. 

Moreover, Western officials say 
the talks on conventional arms can- 
not begin until differences over hu- 
man rights are worked out in the 
talks in Vienna to follow up the 
1975 Helsinki Accords. 

.Despite these differences, ad- 
ministration officials say the latest 
Soviet move is an important proce- 
dural step toward preparing the 
mandate, or guidelines, for the new 
conventional arms talks. 

Western nations had firmly re- 
jetted the Soviet demand to ex- 
dude defensive interceptors from 
the new arms talks while including 
offensive aircraft used to attack 
ground targets. 

An ad min istration specialist said 
Tuesday that the Soviets had ap- 
parently intended to focus on air- 
craft in which Western nations 

See ARMS, Page 7 


New Plague of Locusts 
Stirs Fears in Africa 


After Huge Swarm. Covers Khartoum, 
Worst Damagi 


Can o ral Haws 

About 2 . 0 W Yngorf 
entered the parunm 
grade in a protest 


workers 
lin Bd- 
Page 2. 


Fashion 

Italian designers have softened 
the sexy look and are length- 
ening skirts and pants. Page 7. 

Business / Finance 

The U.S. thrift regulatory 
agenev raised its estimate of 
the cost of an industry bail-out 
to $50 billion. Page 9. 


UP 

445 


The Dollar 

10 New V-or* 

DM 

1.8645 

Pound 

1.695 

Yon 

13135 

FF 

6.347 


Basic Thatcherism 


By. Craig R. Whitney 

New York Tima Service 

OXFORD, England — Matthew Arnold, professor of 
poetry here from 1857 to 1867, described it as “that sweet 
dty with her dreaming spues.” But here and at evay other 
British university, the ivory tower is tumbling down. 

Already reding from the effects of government budget 
aits that have left the Oxford dons unable to fill 120 
vacrat academic posts, the faculty is losing one of its most 
sacred privileges: academic tenure, die right to a lifetime 
-“‘rintmcnL 

_ je desire of Prime Minister Margaret Thatcher’s gov- 
ernment to restructure British higher education is behind 
both tbe budget cuts and the abolition of tenure. Bui more 
fundamental questions about whether elite liberal arts 
education has any special claim on popularly elected 
government, even one in which 14 out erf 22 Cabinet 
ministers went to either Oxford or Cambridge, have now. 
become tbe talk of luncheons and faculty meetings here. 

Tenure had to go, the government said, because the 
university system had to be run efficiently, just like any 
other government business, and there had to be some way 


dSsSr 


re dundan cy" or 'ffor good canre 
Qriy deft maneuvering in the House of Lords by a 
member who is Oxford's chancellor, Roy Jenkins, suc- 
ceeded in preserving a guarantee of academic freedom in 

thfi aw ramfimnn rkA* — * ■- -- 


R llt mj/u 7 Iia* in luswg 1 enure. 

hut nesaidhe was more concerned about finding ways 
The former president of Yale University and now mas- 

r of Umwnaiv tnlW» v- n_ . . , 


the law, £ lertftl 

TSSSS ^S ^ * *— of comrovnsM -^««ta 3 £®SjS 5 Eift, de ASlfli! 

“to* ».S? the tea periodic review of theMder's postal! 5 


1 UUIUW JUUA 

Next time, all the university has to do is not renew the 

See TENURE, Page 7 


By Mary Battiata 

Washington Port Service 

KHARTOUM, Sudan — An 
enormous swarm of desert locusts 
swooped, flattered and streamed 
over this African capital for more 
than two hours recently. 

The swann was the advance 
guard of what entomologists here 
say is the worst locust plague to hit 
Africa in more than 30 years. 

From a distance, they looked lfW> 
pink smog, a pearly snudge across 

iIia IkJaL* VI.. a. -I »TL 


„ , .p m wim 

50 kilometers wide by a half kilo- 
meter deep (30 miles wide by a 
third of a mile deep). Up close, the 
effect was more biblical: Several 
trillion bugs, according to the best 
estimates, utterly silent, navigating 
by some innate insect sonar over 
and around turban ed pedestrians, 
stalled traffic and wandering herds 
of long-eared goats. 

In the sunlight, their wings, 

translucent and spotted like a chee- 
tah's coat, ffickaed with iridescent 
sparks. Thar thick, salmon-colored 
bodies filled the air in classic sci- 
ence-fiction fashion. 

Like a snowstorm, they seemed 
to muffle all sound. In the shanty- 
towns that ring Khartoum, shep- 
herds swatted at the swarm with 
sticks and children raced across 


fields, scattering locusts before 
them like ocean spray. 

“Garaefl" the children shrieked 
in Arabic. “Locusts!” 

Thai first swann is the precursor 
of an infestation that could cost 
hundreds of millions of dollars in 
crop losses, from Sudan to Saudi 
Arabia. 

An estimated two to three mil- 
lion hectares (five to seven million 
acres) in Sudan are believed to be 
infested, according to the forecasts 
of UN scientists. In the next 
months, these bugs are expected to 
nature, flex their wings and travel 
with the prevailing winds. 

They may go north toward the 
Red Sea and Egypt. Or east, into 
Sudan s breadbasket, and on into 
tuuopia. Or even southeast, into 
Uganda and the deserts of northern 
Kenya. No one is sure. 

“Nobody knows how many mil- 
lions or billions of them there are," 
said one locust-control offi cial, 
“No one knows whether we’ve 
killed 17.9 percent or 22 pe rc en t. 
There will be major swarms, and 
now it’s just a question of where 
they'll go.” 

Africa’s most recent major locus; 
infestation lasted from 1939 to 


See LOCUSTS, Page 2 


-v- 






2,000 Workers Enter 
t ngoslav Parliament 
In 2d Day of Protests 


” •* 

*■: i * 

f 


'M 


.*r 

■ 


Compiled by Our Staff From Dispatcher 

BELGRADE — About 2.000 
angry workers marched into the 
parliament building Wednesday, 
protesting low wages and demand- 
ing political and economic reforms, 
on the second day of labor unrest in 
the Yugoslav capital. 

The protesters complained that 
management locked them in a fac- 
tory compound in Belgrade's Ra- 
kovica industrial suburb Tuesday 


Parliament officials said the 
workers entered the building in an 
orderly fashion. 

About 5,000 workers marched 
Tuesday from Rakovica factories 
to the parliament building in the 
same protest against low wages and 
the nation's economic crisis Then, 
the workers did not enter the bund- 
ing, whose entrance at the time was 
protected by the police. 

The Yugoslav economy, bur- 



S&; 







v-HS-H 


It! Wh '% 1 




morning and blocked them from dened with a $20 billion debt to 
joining fellow workers in a march Western creditors, is plagued by a 
to the parliament building in cen- current inflation rate of 200 per- 




trai Belgrade. 

Earlier, the Co mmunis t Party 


cent a year and a 50 percent drop in 
the standard of living in the past 


leader, Stipe Suvar. announced ®8h* years, 
plans for major personnel changes Mr. Suvar said the Politburo will 
in the presidium, or Politburo, and meet before the Oct 17 plenum "to 
for removing up to a third of the determine the criteria of possible 
Central Committee, the state-run responsibility of its members'’ for 
news media said. the country’s crises. 

Speaking on Sarajevo television “If it fails in this, the Central 
late Tuesday night, Mr. Suvar said Committee will aysnny this role 
the 162-member Central Commit- and anyone who does not win two- 
tee would probably vote on person- thirds of the committee's votes will 


v» .. ^©>*xY- 
t** -tv •••;** 


m 

m 


k v? 


■*. “V ■■■ 


the country’s crises. 

“If it fails in this, the Central 
Committee will assume this role 
and anyone who does not win two- 
thirds of the committee's votes will 


nd changes in the Politburo at a have to leave the presidium,’* Mr. 
session on Oct. 17 that is expected Suvar said. 


to be a major showdown between 
various groups in the split party 
leadership. 

At the par liam ent hnilding, the 
Serbian Communist party leader, 
Slobodan Milosevic, pleaded for 
the second day with the striking 
workers to return to work. Mr. Mi- 


As the top body of Yugoslavia's 
lone political party, the presidium 
is the most powerful body in the 
country. It has 23 members, but 
two men on the ruling body 
stepped down last week. 

In announcing that about a third 
of the Central Committee member- 


losevic promised the worfcimtheir ^ ^ uj be changed, Mr. Suvar 
grievances would be considered. “jg a -cataemtewair was 
“You ought to trust that we s ha ll expected in tbe party leaderships of 
carry the reforms through,’' he said. Yugoslavia's ax republics and two 
“The moment you no longer trust autonomous provinces. 

us. you can replace us." There have been increasing calls 

The government has announced - — - ■ 6 


Apace Pnmcc-Pltne 

DISARMAMENT RACE —At London's Scotland Yard, pofice officials on Wednesday load onto tracks some of the more than 
35,000 firearms and 1 million rounds of ammuni tion turned in by Britons during tbe just-ended, mouth-long September amnesty. 

Youths Riot Brazil Adopts Its New Constitution , 
Over Algeria Widening Civil and Labor Rights 

T iitim rr g* net By Marlise Simons less nourished and less educated times its normal size — pacta 

LdYUIH VtUOl ,v w Yak Times Service than before. with new decrees, admunslratr 

L- RJO DE JANEIRO After al Att«„rw,n *k^ iwomnmK vn Afln0K transfers and nonun 

most 20 months of intense bargain- 


CompileJ ty Our Staff From Dispatches 


less nourished and less educated 
than before. 


uTvn^^nS » g ® trU5t autonranousprovinces. ALGIERS - Gang; trf youths ^ md frequent squabbles, the 

nnnniirrlv) There have been increasing calls noted m the center of Algters on Brazilian National Congress pot a 
it has armounced ^ p U ^ c f or top-level personnel Wednesday, causing extensive new constitution into effect on 

changes as economic amTpditical ctamage during a protest against Wednesday, a step hailed as crucial 
my mechanisms to the socialist mmmL ^ the high cost of living. . L . JL — -m~. r — 


lrf, the *«» >><*” bhBK ^ for 10 n‘-p°*xM°0L-in,'n r m. acmoTMp“u6mm^ 

1 he -.UOO workers then left the jjl™ hetwm the most- mediately, a police spokesman -n,- nAiu rnnefthitinn 


in the country's transition from 


h, defuse tensions, between the mosl- 

building, where they had spent ^ Christian Slav minority and tbe 
morefhan an hour talking with Modem ethnic Albanian 

Yugoslav officials. SjXy, in tbe Kosovo Province. 

111 "I Serbs in Kosovo charge that per- 

secution by the province’s ethnic 

Swedes Reject “ forcing *** 

Hrvtrnl Hanntxtt Senior leaders who have been 

iwyai ixequesi denounced in public lately, and are 

j-i D 7 widely expected to be dismissed 

rOT CL rerft during or before the plenum, in- 

„ elude Stane Dolan c, the Yngoslavi- 

c-mrrum ut m president, from Slovenia; 

_ ^TS£yi® : r Josip Vrhovec, a Croatian member 

Carl XVI GustaTs request for ^ ^ collective presidency, and 
special parking privileges i° several officials from the provinces 

speed the picking up of his dry ^ V qjvodina and Kosovo 

In “ olher demonstration 

would™.. 

- J53 , Wp 5-£ ft* Sa gajr a 

cwinothi»«.^ ww n«£t frrr side tiie regional Communist Party 

headquartersof Vqvodmn ftov- 

royal necessities for the king, “P 1131 of the 

Queen Silvia and other mem- P ra - vuice ' 
bers of the royal family. Witnesses said the policemen. 

The court office added that many waring riot gear, cordoned 
it was often “in the nature of off the building as a crowd surged 
things" that these errands forward several times, yelling: ^We 
were' ureenL will topple the government in Novi 

Sad." (UPI, AP. Reuters) 


medmtdy. a police spokesman ^ new constitution gives the 
said. He said policemen were trying Coogress p^ers than ever 
to avoid making the situation J ^ g ^ ne ^ 

WOrSe. nnu nlhor in clrmothvninii rivil liH- 


er continents. It was Brazil's sev- 
enth constitution since its 
independence in 1822. 


STOCKHOLM — King 
Carl XVI GustaTs request for 
special parking privileges to 
speed the picking up of his dry 
cleaning and groceries has 
been rejected by the city, say- 
ing such a ruling would create 
a precedent 

The royal court applied for 
six special parking permits, 
saying these were needed for 
vehicles that pick up the daily 
royal necessities for the king, 
Queen Silvia and other mem- 
bers of the royal family. 

The court office added that 
it was often “in the nature of 
things" that these errands 
wereurgenL 


. . , . , „ , , any olher in strengthening civillib- 

The noting began m the Bab el labor rights and social bene- 
Oued quarter on Tuesday night fjtc 

then spread to the city center on -j t puls m extraordinary weap- 


Wednesday. Youths in the main on in The hands of the citizens," 
shopping streets broke wmdows uhsses Guimaraes, president 


and stoned passers-by. 


of the 559-member assembly that 


The incidents coincided with a produced the documenL Under the new constitution, the this and othe 

OTies of strikes that have affected proclamation abolishes the president can no longer make laws “I will not 
Algerian industry and transporta- authoritarian document of 1967 bv decree, and the power of minis- a tor Feraant 


□on for more than a week. 


that to many B razilians was an in- 


des in spite of the violence. ^ v r — ' ^ — ^ 

According to a source in Algiers. 

Wednesday was issued £? r LOCUSTS; This Year May Be the Worst in 30 Years 

derground workers leadership in- •/ 

dependent of the party-dominated (Continued from Page 1) locusts bred in western Sudan and & stretch and cover 300 kilometen 

general union. mntimmi* Chad in late 1987 and moved in a day. Locusts eat their weight it 

It was ob^ed by many workers • . . imnact northw est across the continent to grain and greenery each day. fi 

asnSwsss agas sszxa-prs SrSax: 


Why Americans Abroad Are Voting For 

Dukakis/Bentsen 

The Dukakis/Bentsen Team Stands For: 

* Equitable treatment of Americans abroad. 

That includes fair tax laws and citizenship requirements. 

* A well-run, ethical government that helps those in need. 

* Peace and security through economic and military 

strength. 

* Responsible world leadership. 

For a Better America and a Better World, 
Vote Dukakis/Bentsen. 


tic Ocean to India. “r 

Since then, a combination of the ™ 
right weather, scientific surveO- . 1 
lance and judicious applications of “* e 
pesticides has limited the outbreaks “° 
to a few easily contained swarms in ^ 
Niger and Chad, locust-control ex- ^ 
pens say. 

Two factors ensured that this ^ 
year would be different. The Gist f° r 
was rain. Much of Africa received has 
unusually gpod rain in the past year dirt 
— and generous rain, especially Lo( 
when it follows a period of drought. “ 
sends locusts into a procreative I 
frenzy. hot 

“The African farmer can’t win," ma 
said Keith Cress man, a UN ento- pay 
mologist who is studying the i 
swarms and trying to predict their wei 
movement. “When it doesn’t rain, Ma 
the fanners' crops wither. When he but 
finally gets a good rain, he gets pas 
locusts." the 

At the same tune, military and g 
tribal conflicts in Chad, Ethiopia. ool 


Senegal and Burkina Faso, multi- mile) swarm consumes about 


plying as they went 


reacted slowly to early reports of 
abnormally Large swarms. 


The best time to st 
while they are stifl on 


them is 


“The west and northwest Afri- during their immature, or hopper, 
can countries hadn't seen locusts stage. Unable to Qy, lime yellow in 
for the past 20 years," said Mo- color, they carpet the ground like 
hammed Osman Nurrin, scientific tree pollen and march long dis- 
director for the East African Desert tances in voracious ‘'hopper 
Locust Control Organization, bands," eating as they go. 

“They weren’t ready this time." -- „ ... . . . 

-t-, . . • , ... . The center of the continents lat- 

Jfeora^ization 1 ^ has been est infestation is a wide band of 

a Q - £ *»*nl Sudan that stretches due 
^^, ^h^?i eUbchl0dratb,: west from Khartoum to the Chad- 
payment of their dues. ^ border. 

In Sudan, government officials _ , , 


In Sudan, government officials 
were warned by forecasters in late 
May that a plague was on the way. 


Sudanese locust-control teams 
spent much of last week in that 


but” it wasn’t until a large swarm arc ^ showeringvast trams with in- 
passed over Khartoum in June that samode. Small crop dusters, m- 


e warnings were taken seriously, dading several Antonov planes do- 

Serious locust-control efforts did 

until ihM.Vnlv Rv thrr. STCaS where hopper 


For more information contact Democrats Abroad: 


476 428: 
07 1863: 
)8; Rome 


Holland (1751) 18409; Germany (6371) 629 55; Tel Aviv 267 593; Menco City 398 97U8; Rome 
361 9332: Bangkt* 271 3882; Sweden (506) 116 50; Vienna 475 5965; Costa Rica 28 09 21. 

PAID FOR Al® AUTHCrtZED BY THE DEMOCRATIC NATIONAL COMMITTEE 


tnoai conmcts in inaa, cuuopia. not begin until mid-July. By then, 

western Sudan and elsewhere said l^Cressman. the locust pop- ^ bem reported. 

meant that large areas of land were uhtions in western Sudan weremfl — 

inaccessible for early spraying and ^ 

other locust-control measures. Tbe Sdentisls - inKliartoumprediclil Dam on Zambezi fa S 

win take at least a decade to bring Agence France -Pres 

AjmjMK WANTFD ^ preseniinfestation under con- HARARE. Zimbabwe 
flU 1 11UIAO flflll I tU troL They view this year’s efforts as babwe and Zambia are to 
RV N V PURI |\HFR run. a chance to train person- feasibility of building a b 
P S n. l. ^vUUOntll uel and work the kinks out of a eric darn on the Zamtx 

-wens wsidr aoai cubi'in>r 5«» rT w n “ men svmetn 
w.pr. of *• f/pes. ikHot. ncn-hcJion. poetry. ,U »V sywem. 

jcnclarlv end feligioui etc New Locusts are difficult tO track and 

to control no matter how early 
icooi usa. 1 one starts. They can fly 20 hours at 


Dam on Zambezi Is Studied 

Agence France-Presse 

HARARE. Zimbabwe — Zim- 
babwe and Zambia are to study the 
feasibility of budding a hydroelec- 
tric dam on the Zambesi River, 
which forms their joint border, tbe 
Zambezi River Authority’s chief 
executive, Andrew Mpala, said 
Wednesday. 


times its normal size — packed 
with new decrees, administrative 


Attending tbe ceremonies in the changes, transfers and nomma- 
modem Congress buildings were tions. 

delegations from 30 nations, many The daily O Estado de S3o Paulo 
from Larin America and from Por- called tbe rush “an orgy,” like “the 
tuguese- speaking nations from oth- last day of carnival, because tomor- 


row it will end.*' 

One last-minute move by Mr. 
Sarney to circumvent Congress 


Under the new constitution. Bra- that provoked much criticism was 
zil's first presidential elections by his unexpected creation of an Advi- 
direct popular vote will be held in sory Secretarial for National De- 
November 1989. The last time this fense to replace the National Saui- 
happened was in 1960. rity Council The new constitution 

In the final hours of the old con- had eliminated the council because 
solution, the government of Presi- it had served as an important in- 
dent Jose Sarney showed what s tru meet of the military regimes, 
many saw as disdain and contempt Several members of Congress 
for the will of the Congress. have announced that they will fight 


WORLD BRIEFS 

Rights Group Issues a Global Report 

LONDON (Reuters) -"Torture and ocecanon ^ 
widespread in the Middle East, with | ovenuD -_ ht <, Amnesty Interna- 

n outin g international conventions on human n =J UU>< 
tional said Wednesday. . . , for {937 also accuse*^ 

Tbe human rights orgamzarion s far East and Europe 

governments throughout South Amenca, Ainca. incr ^ 5^ a 

of trying to stifte opposuon W anest « tortu^ Israel teading up 

marked increase in repons of tortme andGaza Strip. 

to and during the December nets in the West Bank “ lrfwide fo {. ^ 
The organization, based in torture and capital 

release of political prisonws and ***« SdSpread inSuu 

pumdunenL In its report. Amnesty said it 

In Iraq, torture and ill-treatmem of i )T ^ e T S mnestv ^d Siat thou- 
espedaUy in cases invotvwg mrnonty Kurds. AmnesiysBiu*u» ^ 
S^^tiSpriscmcxsIerehdd-by the Syrian governmentm 1987. 

Moscow Reports Attacks on Kabul 

MOSCOW ( AP) — Rebels fired more than two dozen ‘ “JSSSSSf 
Afghan capital, Kabul on Wednesday, killing 13 people and wounding 
34, the Soviet press agency Tass said.’ . . . 

Tass, quoting Afghanistan's official press agency- 
shells hit Kabul suburbs and that tbe insurgents increased presanft 

cm the eastern city of Khost It did not report casualnes OTtaMKabuL 
“Twenty-six rodsets exploded on the streets and squarw ra Kabul as its 
four districts came under intensive shelling.” Tass said- It added that 
rebels were subjecting Khost “to nearly daily massive rocket and artillery 
shelling-” 

Kinnoek V ows to Press for Changes 

BLACKPOOL, England (Reuters) — The leader of the Labor Party, 
Neal Kinnoek, vowed on Wednesday to press ahead with pobey changes 
in his divided opposition party, despile a surprise attack from ms biggest 
trade union ally. 

Mr. Kinnock's keynote speech to Labor’s annual conference on Tues- 
day predicted that the party could return to power if it adopted practical 
policies in place of Socialist ideologies. But key aspects of Mr. Kmnodrs 
package were attacked by Ron Toad, leader of the biggest trade union, 
the Transport and General Worirers. “We will not allow our commitment 
to public and social ownership," Mr. Todd said, “to be lost m talks of 
markets and competition." k 

Labor started ns two-year policy overhaul al its conference last yaf. 
after a third consecutive general election defeat by the Conservatives. 

Hondurans Propose a Peace Patrol 

UNITED NATIONS, New York (NYT) — Die foreign minister of 
Honduras has proposed an international peacekeeping force that would 
palrol Honduran borders to keep Nicaraguan and Salvadoran rebels oat. 

The proposal on Tuesday marked the first time Honduras had put 
forward a specific plan fra - a peacekeeping force to halt border incursions 
by the U^. -backed rebels, known as contras. Nicaragua has put forward 
similar proposals several times in the past, to lukewarm Honduran 


Under the new constitution, the this and other decrees, 
president can no longer make laws “1 will not keep quiet,” said Sen- 
by decree, and the power of minis- a tor Fernando Henri que Cardoso, 
ters is curtailed. But on Monday, leader of a new opposition party. 
Mr. Sarney reportedly signed 24 He said the president was carrying 
decrees, and an additional 20 were out a “process of sabotage.” 


The notere were protesting not tolerable heritage erf more than two Mr. Sarney reportedly signed 24 He said the president was carrying 
Mily tbe high cost of living but the decades of military regimes. decrees, arid an additional 20 were out a “process of sabotage.” 

faUm workers living standards. The celebrations on Wednesday, expected to be published on Well before going into effect, the 
The official news agency rep 0 ^-- therefore, were widely seen as the Wednesday morning, just hours be- 245-artide constitution, which cov- 
ed what it called an outbreak of definitive end of an era of repres- fore the ceremonies for the new ers almost every aspect of life, has 
vandalism and said Algeria s ruling gjon, an era which also widely sa- constitution. also drawn wide criticism from left 

National Liberation Front was vore d power and wealth and left The Official Gazette appeared and right outride die government 
sucking to ecOTomic austen ty poU- die majority of Brazilians poorer, Tuesday with 236 pages — four Amendments are already expected. 


also drawn wide criticism from left 


The Official Gazette appeared and right outride die government 
Tuesday with 236 pages — four Amendments are already expected. 


locusts bred in western Sudan and & stretch and cover 300 kilometers 
Chad in late 1987 and moved in a day. Locusts eat their weight in 
northwest across the continent to grain and greenery each day. A' 
Morocco, then down into Mali, 400-square-kilometer (150-squmri- 


80,000 tons (73 million kilograms) 


African governments, hilled by of food a day. In Ethiopia in 1958, 
the locust-free 1970s. had let con- tocuts ate enough grain to feed a 
trol programs slip into low gear and million people for an entire year. 


The proposal by the foreign minister, Carlos L6pez Contreras, would 
seem to be another indication of growing Honduran unwillingness to be 
the host to the contras. A U.S. assistant secretary erf state, EQioti Abrams, 
at the United Nations for meetings with Latin American leaden, called 
the Honduran idea an “intelligent proposal from Honduras to protect 
their natwml security,” but said he thought it would be “physically not 
possible" to remove the Nicaraguan rebels from Honduran soiL 

Drugs Found on U.S. Plane inRogota 

BOGOTA (Reuters) — An Eastern Airlines plane was impounded al 
Bogota's Eldorado international airport on Wednesday after employees 
from the UiL carrier found 21 pounds (10 kilograms) of cocaine on 
board, police said. 

The Lockheed Star L-10 was seized during an overnight stop at the 
airport while on the Los An^les-Miami-BogotA-Miaim route. “It is most 
likely that the 21 pounds of cocaine were introduced in Bogotk,” an* 
airport police official said. “It would make no sense for drug smugglers toy 
send cocaine from Miami to Bogoti.” , 

Over the past four years, drugs have been found 10 times aboard 
Eastern Airlines planes. In August 1987, Colombian authorities for the 
first time seized one of Eastern's airliners after finding 27 pounds of 
cocaine. That plane was released after 48 hours and the company paid a 
$40,000 deposit. Since then, Easton has hired anti-drug officers to check 
its planes during stopovers in BogptiL 

For the Record 

Prime Minister Margaret Thatcher and President Ronald Reagan will 
meet during her visit to Washington Nov. 15-17, a week after tin 
presidential election, her office said in London Wednesday. (AP) 

Poor Soviet coal nrinen died and four more were injured when an 

- - 1 - * - — — — - - 3 - m 'fimiA nv tlui rnnflimi n Cntnfld fWw MiA rilF 


latest step toward inqjrovmgdiploinalic ties. Tass sakfWednc^j.fW7j 
A b31 to provide fntho' trade protection for the U.S. textile industry 
failed to survive President Ronald Reagan’s veto in a House vote. The 
vote Tuesday, 272 to 152 in favor, was 11 votes short of the two- thirds 
majority necessary to make the bill law over Mr. Reagan's veto. (WP) 
Four Soviet ndfitary observers arrived in London^ Wednesday to inspect 
army maneuvers on British territory for the first time. They are visiting 
Britain under terms of the 1986 Stockholm Agreement on East-West 
confidence-building measures. (AP) 

TRAVEL UPDATE 

Agreement Set on Roads to Berlin . 

BERLIN (Reuters) — East and West Gcnnany signed an agreement on 
Wednesday under whidi Bonn wiDpay its neighbor an annual fee of 915 
million Deutsche marks ($490 million) during the 1990s for improved 
road transit links to West Berlin. 

_ East Germany will create a new border crossing in the south of the 
divided rity. It also will build a new access road and renovate parts of ihf 
city’s ringroad. TL 

An Air France Airbus carrying 83 passengers left for T ehran on 
Wednesday as the carrier resumed weekly flights to Iran after a three- 
and-a-half-year break doting the Gulf War. (AFP) 


Lebanon, saying that the release of hostages does not mean there has been 
a lessening of the danger for Western narinnai* (UPI) 

The major UJ3. airfares haded 83 percent nf then- fli ghts on- time during 
the busy August season, their second best performance on record, the 
Transportation Department said Wednesday. In aiMftinw, the depart- 
ment said consumer complaints against airlines fell 20 percent in Septem- 
ber to 1,897, a third of what they were a year ago. (UPI) 



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INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6. 1988 


Page 3 


IwuesaCloha] j. 

tortwiW' v 4 OBor*.** .. 




SZicfc us. Slick: Dukakis Ads Hit Bush’s Image Men 


;£*«, Wlft ftneirisir.,'.? ' 


,% --.v 



By Doyd Grove 

Washington Pasi Service 

WASHINGTON — Behind in 
the pdls and buffeted by television 
commercials slamming his record 
on crime and the environment. 
Governor Michael S. Dukakis has 
launched a multimillion-doUar ad- 
vertising cam paign anariring his 
opponent's media advisers. 

In a series of television commer- 
cials, titled “The Packaging of 
George Bush," the Republican 
nominee's handlers are portrayed, 
actors, as unscrupulous hades 
cynically manipulate voters 


with lies and base appeals to patri- 
otism and fear. 

The Dukakis campaign has spent 
an estimated S1.5 milli on to air 
them through the end of the week 
and plans io “put a lot of money 
behind them" in battleground 
states, said a senior media strategist 
to the Democratic nominee. 

While similar “bade room** ads 
have been used before, this is the 
first time in a presidential cam- 
paign that one candid at e ’s packag- 
ers have gone after the other candi- 
date’s packagers with a set of 
commercials. 


THE HUSTINGS 


Bush Rejects a Direct Debate on TV 


Senator Quayle, center, arrives in O maha with iris wife, Marilyn, right 


Hr MKOXBd FKs 


WASHINGTON (AP) — Vice President George Bush on Wednesday 
declined an invitation to appear with Governor Michael Dukakis on the 
ABC-TV program “Nighiline" after Mr. Dukakis had accepted the offer. 

The network invited both candidates to “engage in an open-ended 
discussion concerning the issues being raised in the 1988 presidential 
campaign,” winch would have been conducted outside the tight rules of 
their other two debates, Rooae Arledge, ABC News president, said. 

A Bush spokesman. Mark Goodin, said: “We're not going to do iL An 
open-aided discussion of the issues is a debate. We committed the 
campaign to two debates.* 1 


Quayle: Little Left to Chance 


Florida’s ^English First’ Drive Falters 


By Gerald M. Boyd 

New York Tuna Semcr 

j .WASHINGTON — As a lop 
ptish camp aig n official disrai wd 
Senator Eton Quayle recently, he 
struggled to explain several gaffes 
by the Republican vice-presidential 
candidate, such as Mr. Qnayle’s 
declaration that he “did not live in 
this century.** 

He finally said that Mr. Quayle 
was no “rocket scientist,” reflecting 
a concern t hat runs throughout the 
Bush campaign about the Indiana 
senator’s perceived limitations as a 
national candidate. 

The assessment explains why 
Mr. Quayle went into the debate 
with Senator Lloyd Bentsea of Tex- 
as, his Democratic counterpart, on 
Wednesday night as one of the 
most thoroughly managed running 
mates in history. 

There has been a broad effort of 
late by the Bush campaign to bol- 
ster Mr. Quayie’s standing m the 
face of opinion polls that show con- 
tinued doubts about his qualifica- 
tions and Ins ability to serve as 
president. 

Campaign officials point out 
that he has traveled to 36 states and 
pas raised more than 52 nriQion for 
Republican state campaign organi- 
zations since August 

“People here are truty supportive 
of Dan Quayle on every levd." said 
Lee Atwater, the Bush campaign 
manager. “It's as simple as than 

But at the same time, some aides 
concede that Mr. Quayle had a 


rocky start on the ticket amid ques- 
tions about his background and bis 
service in the National Guard at 
the height of the Vietnam War. 

In addition, he made several 
gaffes that concern sane Bush ad- 
visers. such as calling the Holo- 
caust an “obscene period in our 
nation's history* and then explain- 
ing, “I didn't live in this century.*’ 

Mr. Quayle has been relegated to 
a role that aides inssts is normal 


Bond, Mr. Bosh’s national political 
director, said: “George Bosh and 
his ticket are better on in Louisania 
from Quayle's trip there. He 
reached hundreds, if not thou- 
sands, of people,” 

But campaign officials concede 
that Mr. Bum has left little to 

ffhanry 

He is coached by a team led by Stn 


MIAMI (AP) — A campaign in Florida to mak e English the state’s 
official language could be invalidated because petitions to place the 
question on the ballot were all in English despite a federal law requiring 
Spanish-lan guage voter information in counties with man y Hispanic 
residents, a uA Justice Department spokesman has said. 

He said the campaign violated a provision of the Voting Rights Act of 
1965 requiring voting literature to be issued m a second language m areas 
where more than 5 percent of the population has a limited knowledge of 


“I've never seen a campaign like 
the Bush campaign, where the back 
room is so up front, where the han- 
dlers take sud] unabashed pride in 
their ability to manipulate.” said 
Scott Miller of New York’s Saw- 
yer-Miller Group, which produced 
the ads for Mr. Dukakis. “These 
spots are a compliment to Roger 
Ailes,” he said, referring to the se- 
nior media adviser for Vice Presi- 
dent George Bush. 

“I think they set themselves up 
for this kind of an advertising cam- 
paign,’' said Mr. Miller’s partner, 
Mandy GnmwaldL “You guys in 
the media are already writing about 
the cynicism of Bush and the 
Pledge of Allegiance, the choice of 
Dan Quayle, and we know it’s been 
bothering people. The big question 
is: Where did this new, improved 
George Bush come from?” 

Mr. Millet said the series is 
aimed at three Bush vulnerabilities 
that show up in campaign polling 
and interviews with potential vot- 
ers: doubts about the Republican's 
leadership abilities, his judgment 
and his political consistency. Ac- 
knowledging that the new ads are 
risky, Mr. Miller said, “When 
you're Dying to chang e the dia- 
logue, you have to lake some 
chances." 

Mr. Ailes said he is unconcerned. 
“I think it's a bunch of liberals 
tilting around pretending they’re 
not handlers and playing to 25 oth- 
er liberals." he said. “It's a massive 
waste of money and a stupid cam- 
paign tactic, but I understand why 
they doit. It makes them feel better 


“gave weekend furloughs to first- 
degree murderers not eligible for 
parole. While out, many committed 
other crimes like kidnapping and 
rape, and many are still at large.” 

Until now. Dukakis ads have 
done liule to blunt such attacks or 
help Mr. Dukakis take control of 
the camp ai gn dialogue. 

In one of the new ads, actors 
portray Bush aides plotting strate- 
gy around a table. 

“Geez, look at these poD num- 
bers,” says one. “People arc really 
worried about the environment.” 

“Well do a commercial standing 
on a beautiful beach.” says a sec- 
ond. 


They recount negative aspects of 
the Reagan administration s envi- 
ronmental record and one says of 
Mr. Bush, “He's going to say he 
loves the environment. He's going 
to make it clean and wonderful.” 

“He'll say ihatT 

Laughter. 

All the Dukakis spots end: 
“They'd like to sell you a package. 
Wouldn't vou rather choose a pres- 
ident?” ’ 


Reaction to the Dukakis ads has 
been mixed, with set eral rival me- 
dia consultants saying they lack 
broad appeal. “1 wonder if they're 
not too subtle.” said Carl S treble, a 
Democratic media consultant. 


Leaders of English Plus, a Florida group opposed to (he official - 
English campaign, say they will deride tots week whether to seek a court 
injunction to remove the question from the Nov. 8 ballot. 


en they j_ 

and-quiche parties on the Upper 
hope they 


Photo-Finish Winner in Washington 


Aides say his 
schedule is 
determined by 
the Bosh campaign, 
as is what he says 
and how he says it 


Spencer, a veteran Republican po- 
litical strategist; Joseph Canzeri. a 
former White House aide, and 
Kenneth l~ Khadngjan, who has 
saved as a speech writer to Presi- 
dent Ronald Reagan. 


Mr. Quayle's schedule is deter- 
by the I 


for a running mate: shoring up the 
base, campaigning in areas where 
the top of the ticket is unlikely to 
reach and attacking the top of the 
other ticket. Although that ap- 
proach has attracted tittle attention 
nationally, on the local level it has 
led to largely positive articles in 
newspapers and generally favor- 
able television appearances. 

“If our aim was to hide Dan 
Quayle, we have been doing a lousy 
job at it,” said Mark Goodin, a 
campaign spokesman. 

Referring to an appearance in 
Louisiana last week, 


mined by the Bush campaign, as is 
what he says and how he says it, 
aides said. For the most part, he 
has avoided unscheduled contacts 
with reporters, speaking with diem 
for the first time for about 45 min- 
utes on a trip last week. 

“There is a difference campaign- 
ing in Indiana and campaigning 
nationally, ” said another senior 
Bush aide, who compared Mr. 
Quayle with a rookie in the Nation- 
al Football League who was leveled 
by a huge veteran lineman on his 
first play from scrimmage. “He’s 
had to ham iL" 

Some aides traveling with Mr. 
Quayle have told reporters that be 
will not try to create much news 
nationally between now and the 
election, a pattern he has kept since 
August. They say that such a role is 
designed to avoid distracting atten- 
tion from Mr. Bush. 


OLYMPIA, Washington (AP) — Two weeks after three Washington 
stale Democratic candidates for lieutenant governor finished the primary 
election in a virtual dead beat, state Senator George Fleming has emerged 
the winner. 

Unofficial but complete statewide figures, released Tuesday, showed 
that Mr. Fleming edged Ins nearest competitor, state Senator Nila 
Rinehart, by fewer than 5,000 votes. 


East Side. 1 hope they spend a for- 
tune on them, while we talk about 
the issues.” 

On Tuesday the Bush campaign 
unleashed another anti-Dukakis ad 
on the issue of prison furloughs in 
Massachusetts, featuring a stark, 
black-and-white scene of inmates 
streaming in and out through a 
revolving door. As Massachusetts 
crime statistics flash on screen, an 
announcer attacks Mr. Dukakis' 
“revolving-door prison policy” that 




Iterator Bentsea wares to supporters in a pre-debate rafiy at the Omaha airport 


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Page 4 


THURSDAY, OCTOBER 6, 1988 



PuMubrd *ilh The V* York Tine* and TV WvUoeldM Port 



President Reagan will leave behind a 
broad consensus supporting strategic de- 
fense. True, he hims elf is barely part of it. He 
had sought a more robust commitment, and 
be signal on only reluctantly to the Una! 
bargain that Congress and his administra- 
tion struck. Still, a concept that was only a 
gleam in the president's eye in 1983 is on the 
way to being realized in some way now. 

The original Reagan concept entailed a 
shift from the existing full reliance on stra- 
tegic deterrence to eventual full reliance on 
strategic defense. The particular program 
be chose was the Strategic Defense Initia- 
tive, or “star wars." in which space-based 
weapons would knock newly launched hos- 
tile missiles out of the sky. 

The concept that most others finally 
embraced was in a more modest range. It 
foresees not replacing strategic deterrence 
but supplementing it with a degree of stra- 
tegic defense to be determined by prag- 
matic considerations. Instead of making 
nuclear weapons “impotent and obso- 
lete” as Mr. Reagan dreamed of doing, 
this lesser concept anticipates making de- 
terrence sturdier and adding certain capa- 
bilities of defense — against accidentally 
launched missiles, for example. 


The space-based option championed at 
first by Mr. Reagan failed finally to win the 
necessary support of either the Pentagon’s 
own science advisers or of its military com- 
mand or its current political leadership. To 
the ban on tests in space written into the 
Anti-Ballistic Missile Treaty, Congress 
added its own prohibition in domestic law. 
So in the end, the administration settled on 
a program focused first on a land-based 
option, it’s not star wars anymore. 

One of the marks of SDl from the start 
has been the passion of the debate sur- 
rounding it — in part a natural result of the 
apocalyptic nature of nuclear weaponry. 
The political system has. nonetheless, gone 
far to bring the debate down to earth. Mr. 
Reagan's personal co mmi tment ensured 
strategic defense the big boost that any 
large new idea needs to get a hearing. Oth- 
ers then asked the necessary questions 
about feasibility, cost, diplomatic effect 
and strategic value. Not without some 
bruises on all sides, tentative answers 
emerged. The program is moving forward 
uncertainly, but moving forward. It leaves 
key choices open, but mokes those choices 
possible. That is a good resulL. 

— THE WASHINGTON POST. 


Hope Revives for Haiti 


Thanks largely to their own persistence, 
Haitians have their best chance at real de- 
mocracy in more than three decades. Cynical 
outsiders claimed that Haiti was too poor 
and too long misgoverned for there to be any 
realistic chance of that. But democrats, 
strengthened by the refusal of countries like 
the United Stales to assist the military re- 
gime, never gave up. Now Washington can 
begin to think about resuming aid. 

The new president and unlikely instru- 
ment of democratic revival is Genoa! Pros- 
per AvriL longtime crony of the deposed 
Duvalier dictatorship. For years he was part 
of that family’s intrigues, repression and pil- 
lage. So odious had his name become that 
protesters drove him from the junta (hat 
succeeded Jean-Oaude Duvalier in 1986. 

But General Avril is also intelligent and 
respected by his troops in a way that his 
predecessor. General Henri Namphy, was 
not More important, he rules in tandem 
with the noncommissioned officers who 
threw out most of the old army chiefs. The 
uprising they inspired against brutal or cor- 
rupt police commanders, politicians and 
factory managers set a vivid example. It is 
likely to hold General Avril, for a while at 
least, to a democratic course. 


If anyone has good reason to be skeptical 
of General Avril, it is Haiti’s demoafetic 
politicians who bore the brant of General 
Naznphy’s decision to abort last November's 
elections. But they seem bopefuL That means 
that Washington, which suspended most aid 
after the election day massacre, can start 
thinking about conditions for renewing it 
Haiti needs money badly, and General Avril 
seems canny enough to undostand that ids 
own prospects depend in part on getting it 

His carefully conducted purge of Colonel 
Jean-Claude Paul, indicted in the United 
States for drag conspiracy, seems to signal a 
willingness to go beyond oratory and take 
concrete steps against Haiti's rotten old or- 
der. So do his moves againsi Tontons Ma- 
couies thugs, and his refusal to shelter these 
thugs from popular vengeance. Mob retribu- 
tion is never edifying, but neither was the 
Namphy regime's tolerance of terrorists. 

Washington's next moves will have to 
depend on a full restoration of civil order, 
dear steps toward constitutionalism and a 
reasonable electoral timetable. Those are 
now realistic hopes, thanks to the stubborn- 
ness of Haiti's people and the refusal of 
Haiti's friends to settle for less. 

— THE NEW YORK TIMES 


America Back in Space 


Gene Thomas, director of the 1986 Chal- 
lenger launch, knew all too wefl the stakes 
involved in America’s return to space — 
and accurately predicted a safe and smooth 
journey for Discovery before it left last 
Thursday as “the flight you want to put 
your mother on.” Again on Monday, as 
during the lift-off, the sighs of relief could 
be heard around the world as the astronauts 
— who had pronounced themselves “happy 
campers” — came home triumphantly and 
precisely on time. But if they did alleviate 
doubts and fears about the safety of Ameri- 
ca's space program, their journey left open 
fundamental questions about the pace, pur- 
pose and costs of future operations. 

The decisions to be made must be based 
on bow much the public is willing to pay 
for an expanded manned space program, 
as well as what it could or should accom- 
plish. Should Mars be the next stop? A 
base on the moon? An international space 
station? Or is any of this a luxury that the 
United States can’t afford? If there is a 
prevalent view as reflected in various 


polls, it is that the exploration of the solar 
system by humans is useful, for scientific 
experiments as well as for the repairing of 
satellites. Shuttle advocates increasingly 
are saying that the shuttle’s best use is not 
as an all-purpose freighter but as a craft to 
“fly people as they learn to live in space 
and eventually explore the solar system.” 

Sally Ride, the former astronaut, and 
other experts who have studied the options 
have concluded that methodical progress 
—developing new technology, continuing 
biological studies and working on a lunar 
base as a move toward an eventual Mars 
mission — is probably the best approach. 
In any event, the work of the shuttle will 
focus on a manned space station as a key 
part of a “space infrastructure.” Given 
budget constraints, the pace may have to 
be slowed. Both presidential candidates 
have indicated general support for the pro- 
ject, but have noted the budget limita- 
tions. Whoever wins will have a great im- 
pact on the program for decades to come. 

— THE WASHINGTON POST. 


Other Comment 


A Soviet Man of His Time 

Mikhail Gorbachev dominated [the ses- 
sion of the Soviet Communist Party Central 
Committee last Friday] because of the intel- 
ligence and self-control he brings to the 
authority of his office. The outside world, 
astonished by the appearance of such an 
unusual leader, has been templed to sup- 
pose either that he is one of a kind or. more 
skeptically, that he is too good to be true. 

There is a more optimistic explanation 
of the Gorbachev phenomenon. It is that 
Soviet society has changed in a myriad of 
ways which can still only partly be guessed 
at, and that Mr. Gorbachev is speaking to 
the new elements in this society and in- 
deed is himself a product of them. 

For all his problems, Mr. Gorbachev 
must be counted a lucky reformer: He is a 
man whose lime has come. Even if he is 
slowed down or removed, future Soviet 
leaders will be more like him than they will 
be like the late Leonid Brezhnev. 

— The Observer (London). 

Mr. Gorbachev decisively strengthened 
his leadership. At the same time, the urgent 
manner of carrying out the reshuffle indicat- 
ed the enormity of the difficulties he is con- 
fronted with in implementing his reforms. 

Mr. Gorbachev's consolidation of his 
power and determined pursuit of his peres- 
troika and glasnost policies, however, ap- 
parently bode well for the Japan-Soviet 
relationship. During the days of Leonid 
Brezhnev, the Kre mlin 's foreign policy ro- 
tated mainl y on its relationship with Wash- 
ington. giving only subsidiary importance 


to its relations with other nations. Stereo- 
type was the name of the game in handling 
issues which did not directly affect the 
sphere of superpower influence. 

— The Japan Times (Tokyo). 

Perestroika is a matter of national securi- 
ty. The KGB and the armed forces realize 
that the Soviet Union must change its ruin- 
ously inefficient behavior if it is to stand 
any hope of one day competing with the 
West on anything other than military terms. 

Yegor Ligachev, in his new and unenvi- 
able role as the man in charge of agricul- 
ture, represents those who approve of re- 
form while questioning the pace and 
extent of it under Mr. Gorbachev. Trying 
to increase food production, one of' the 
Kremlin's most difficult tasks, will not 
only keep him busy but give Mr. Gorba- 
chev an opportunity to blame him if the 
plight of the consumer worsens. 

Changes at the top demonstrate that 
there Is still much uncertainty in the Krem- 
lin. Mr. Gorbachev’ has proved himself, but 
he must still prove his policies to a nation 
that remains highly resistant to change. 

— The Age (Melbourne). 

Mr. Gorbachev has succeeded in remov- 
.ing i be forma) obstacles to his reforms and 
put party apparatchiks and bureaucrats on 
notice that they, too. can face the axe if they 
obstruct his policies. It will raise the hope of 
ordinary Soviet citizens a little. But skepti- 
cism will remain till they can see some 
improvements in their lives. 

— The Straits Times (Singapore). 


INTERNATIONAL HERALD TRIBUNE 

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TeL: 1 1 j 46 J7.93.00. Tetef. Advertising. 613595; Circulation. OI293Z: EdiavuL M271S; Production, (ijOoSS. 

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S-A. au capita! de J.'Oil 

C 1988, International Herald Tnbune. Ail ngku named. ISSN: flW-WJJ. 



OPINION 


Now a Little Brother, Too, Is Watching 


S TOCKHOLM —The tables are being mined 
on who is watching whom. When computers 
and satellites came into use. big governments got 
powerful new tools for keeping track of their 
dtizens and each other. But Lhe information 
explosion can work both ways. 

Now a small group of young Swedes is using 
the new technologies to defy some government 
attempts at secrecy. They hare developed a third 
eye in the sky, a crvflian’ ability to monitor some 
important military programs, something that 
only the superpowers could do before. 

For more than a decade there bare been propos- 
als for another surveillance system to check what 
the Americans and the Soviets announce, or hide, 
of what they know from satellites. France, Canada 
and half a dozen neutral or nonaligned govern- 
ments suggested an independent multinational 
service. TSey exhorted, haggled and got nowhere. 

The Swedes., journalists who worked for a 
high-tech publisher, just went ahead and started 
it on a completely independent, commercial ba- 
sis with no aim but to inform the public. They 
called the service Space Media Network, and 
they operate rather like a news agency, selling 
what they leant to press and television clients. 

Organized in 1985 as part ol t bar publisher's 
enterprise, the network was recently bought out 
by a billionaire Swedish businessman and phi- 
lanthropist who doesn’t mind absorbing cur- 
rent losses of about SI40.000 a year for a while 
to get it well launched. * 

The group's first big coup was providing the 
first pictures and details of the Chernobyl di- 
saster in 1986, obviously playing an important 


By Flora Lewis 

role in persuading the Russians to come clean 
on the gravest nuclear accident yeL 

Since then it has discovered secret prepara- 
tions for a Soviet spaa: shuttle, powerful Soviet 
laser installations which could be made to serve 
a Soviet “star wars” system, advance evidence 
of resumed Soviet nuclear tests, the site for 
Chinese missiles in Saudi Arabia, a huge new 
cocaine-growing region in South America and 
giant forest fires in China, among other things. 

It has plugged into a computer enhancement 
system that can double the quality of its pictures. 

The network uses pictures bought from com- 
mercial satellites, American Landsats and the 
French SPOT, and has even found it can make 
significant use of fuzzy weather satellite photo- 
graphs because the archives go back some 15 
years arid offer a basis for comparison. 

The launch soon of a new European radar 
satellite is eagerly awaited. The combination of 
optical, thermal and radar observations will 
give interpreters another leap forward. 

Of course, the pictures are not nearly as good 
or as comprehensive, so far, as the ones that 
secret military satellites provide. But they are 
good enough to reveal a lot that had been hidden. 

With rime and the accumulation of a data 
base, they can disclose the massing of armies for 
a surprise invasion, threatening naval activity, 
new missil e deployments. The more countries or 
companies that put up commercial satellites, the 
greater the network’s scope can be. Already it is 


working on chemical warfare facilities. Evidence 
so far indicates that Libya is building a complex 
and Syria may be doing the same. 

There are also big, long-term environmental 
projects that can override official attempts to 
conceal or minimize the damage being done. 

Christer Laisson. the executive producer, and 
his colleagues Sverker Nyman and Hans- Hen- 
rik Ronnow are modest about their current 
capacities. They point out that they can learn a 
lot more about what is going on at sea, in 
deserts or snowbound regions than in populat- 
ed areas, where concealment is easier. 

They are rigorous about budding up incon- 
trovertible evidence, sometimes waiting a year 
before releasing a conclusion. They have found 
leading scientific experts around the world ea- 
ger tonelp interpret and verify their informa- 
tion in return for access to the pictures, mostly 
collected at a receiving station in the Swedish 
town of Kirtma, above the Arctic Circle. 

Despite their diffident Swedish style, the 
young men are obviously enthusiastic about the 
tremendous contribution' they can make to 
keeping the world public aware of threats^ to 
peace and the environment It is an exciting 
initiative, with all kinds of prospects. 

Even adversary governments know much of 
each other’s secrets yet still insist on keeping 
the public in the dark- That is going to be harder 
and harder. Technology is allowing ordinary 
people to break down the information monopo- 
lies that can decide their fate. This time; little 
brother is winning a round. 

The New York Times. 


Gorbachev: A Putsch Usually Means Trouble 


W ELLESLEY. Massachusetts — 
The only sure conclusion we 
can draw from the Kremlin upheaval 
is that it is dangerous for members of 
the Politburo to go on vacation. 

After General Secretary Mikhail 
Gorbachev returned from vacation in 
mid-September, he ran into a fire- 
storm of criticism for his failure to do 
anything about the deterioration in 
food supplies and the growing unrest 
in places like Armenia and the Baltic 
states. He seems to have concluded 
that some of the attacks were orches- 
trated, a prelude to what he evidently 
saw as an attempted coup. Indeed, 
one of my better informed friends in 
Moscow told me in mid-September 
that Mr. Gorbachev had only another 
six months to prove himself. 

Re alizing what was about to hap- 
pen. he apparently decided last 
Wednesday to launch a pre-emptive 
strike while his main rival, Yegor 
Ligachev, was on his own vacation. 
That day, Foreign Minister Eduard 
Shevardnadze announced suddenly 
that he had to leave New York for 
Moscow for what his spokesman ex- 
plained was a meeting scheduled 
long ago. Tbe spokesman neglected 
to mention that the meeting was 
originally set for the end of October. 

Most revealing of afl, the Soviet 
chief of staff. Marshal Sergei Akhro- 
meyev, left for Sweden on Wednes- 
day only to turn around immediate- 
ly and return to Moscow. 

There is no denying, either, that 
Mr. Gorbachev’s reforms are in trou- 
ble, or that he is slowly losing public 
support With widespread rationing 
of meat butter and sugar and no leap 
in income, dtizens are begriming to 
grumble that perestroika amounts to 
working more for less pay. 

With Mr. Gorbachev calling for a 
50 percent reduction in the party's 
Central Committee staff, and with 
genuine concerns over what Mr. Li- 
gachev has described as anarchy and 
nihilism, the conservative elite had 
begun to think the time was right to 
move against the general secretary. 

By catching his opponents off 
guard, Mr. Gorbachev may have sur- 
vived another round, but he still has 
not solved his problems. By firing An- 
drei Gromyko and taking over Mr. 
Gromyko's title as president, Mr. Gor- 
bachev may now have the formal right 
to do what be has been doing de facto 
for the last three and a half years. But 
Mr. Ligachev and Viktor Chebrikov, 
tbe former KGB bead, are still there 
with at best a slight loss of stature and, 
possibly, an increase in power. 

Mr. Chebrikov. while no longer ihe 
direct head of Lhe KGB. in a sense 
remains its superior because he has 
been named head of the legal policy 
commission of the Central Commit- 


By Marshall I. Goldman 


tee, which is responsible for designing 
human rights policies. This shocked 
Soviet liberals. It is like naming A1 
Capone the attorney general And Mr. 
Chebrikov was promoted to full mem- 
bership in the party Secretariat, which 
makes him one erf seven who could 
conceivably succeed Mr. Gorbachev. 

It is hard to tell bow Mr. Lfeachev 
fared in the reshuffling, mostly be- 
cause we do not yet know if he remains 
number two in the Politburo. We 
know he is now in charge of agricultur- 
al policy. Some see this as a demotion. 
But with the fate of Mr. Gorbachev’s 
reforms resting chiefly an an increase 
in the food supply, Mr. ligachev is 
assured of continuing influence. 

It will be interesting to see what 
happens to Soviet farm policy. Re- 
cently Mr. Gorbachev has recom- 


mended rules that would allow peas- 
ants to set up private farms and lease 
state land for up to 50 years, and to 
do this in response to market forces 
rather than state orders. But Mr. Li- 
gachev opposes the use of “market 
raws” ana a move to what he calls “a 
capitalist market economy." 

To an extent that is still hard to 
determine, the new moves, including 
the firing of Anatoli Dobrynin, who 
headed the Central Committee’s in- 
ternational department, may have 
been forced on Mr. Gorbachev. If he 
had his way. Ids own man, Alexander 
Yakovlev, would have kept his re- 
sponsibility for party ideology and 
Mr. Dobrynin would have continued 
to oversee foreign relations. Instead, 
Mr. Yakovlev has been assigned for- 
eign relations and Vadim Medvedev, 


a former rector of the Academy of 
Social Sciences and a man once re- 
garded as hidebound and unimagina- 
tive, has taken over ideology. 

It is instructive to contrast Mr. 
Gorbachev’s compromises with Ni- 
kita Khrushchev’s response when he 
unearthed a similar plot three yean 
into his tenure. He managed to rid 
himself completely of his opponents 
in the Politburo, but even then he 
lasted only another seven years. 

If Mr. Gorbachev is to succeed, he 
has to find some way to resolve press- 
ing economic and nationality prob- 
lems. His deft touch in political musi- 
cal chairs will take him only so far. 

The writer is professor of economics 
at Wellesley College and associate di- 
rector of the Russian Research Center 
at Harvard University. He contributed 
this comment to The New York Times. 


Soviet Problems Weren’t Overthrown 


W ASHINGTON — Credit Mik- 
hail Gorbachev with being a 
good counterpuncher. As the evi- 
dence mounted in recent weeks that 
his reform program was in political 
trouble, he decided to come oat 
swinging. It has been a masterful 
putsch. But the problems that put 
eim on the ropes in the first place 
remain as serious as ever, and he may 
pay a price for his strong-arm tactics. 

At this point, the crucial issue in 
Soviet politics is notpersonnel moves 
or the drafting of reforms, important 
as these matters are. It is results. 

Is perestroika producing better liv- 
ing standards, viable economic re- 
forms. foreign policy gains, political 


By Peter Reddaway 


order despite the ferment of glasnast, 
autonomy for the national republics 
that doeai’t simultaneously under- 
mine strong central government, and 
political reform that wiS spur the 
whole process of what Mr. Gorba- 
chev calls revolutionary change? 

Or is his program resulting m stag- 
nant living standards, mounting eco- 
nomic confusion, uncertainty for Sovi- 
et allies abroad, decKnmg political 
order, a potentially serious reduction 
in central control over the republics? 

A growing number of observers, 
myself included, find the pessimistic 


fe . — 


, upwrm 

tooRBAOTOff 


Down with .STAL iid 


rhi£i— 

By FORA i i uC in Li Rcpobblka iftoael CSW Santflcnt 


From Boss to President, as It Were 


P ARIS — “President" Gorba- 
chev? It does not come tripping 
lightly off lhe tongue yeL But soon it 
will — as pundits, anchormen. White 
House and Slate Department flacks 
and other movers and shakers in the 
political -lexicon game drop “Soviet 
Communist Party boss” and adopt 
the sleeker appellation that Mikhail 
Sergeyevich appropriated for himself 
last weekend m Moscow. 

We should be alert in this brief 
interval before we internalize the 
new term for the Soviet ruler, with 
the inevitable subterranean echoes 
that “'president'' carries for the 
Western ear — free elections, com- 
peting political parties, constitu- 
tionally limited executive powers. 

In that small space between “boss" 
and “president” lies another advance 
for the Soviet campaign to establish a 
new level of moral equivalency with 
the West President Reagan. Presi- 
dent Mitterrand. President Gorba- 
chev. Of course. All members of the 
club, t Along with President Pinochet 
and other bosses who understand the 
PR value of not being more descrip- 
tive about the powers they exercise-! 

What's in a tide? Ou tracing West 
German Foreign Minister Hans Die- 
trich Genscher and others whom she 
would normally be expected to criti- 
cize for overly trusting the Russian 
bear. Margaret Thatcher flashed into 
the telegraph office to send off the first 
congratulations to the new Soviet — 
president. (See. It does get easier.) The 
British prime mini ster's message in- 
cluded a wish that the new title would 

S ' ve more authority and success to Mr. 
erbachev's reform program. 

Pedants will argue that in fact noth- 

tuL£ Cuuflpy, 5* w ■" SV < 

after all. became president as well as 
the party general secretary. But there 
was no danger of .Americans and West 


By Jam Hoagland 

Europeans confusing the stolid and 
sour Mr. Brezhnev with anything oth- 
er than a party boss. His Central Cast- 
ing eyebrows' and scowl (not to men- 
tion Afghanistan and SS-20s) made 
“President Brezhnev" unacceptable. 

But the dynamic and agile Mr. 
Gorbachev is quite a different kettle 
of images. He is persuasive in the role 
of a modern executive trying to get a 
difficult job done. The tide wifi fit 
him in the American mind in a way it 
has never fit a Communist leader 
before. “President Gorbachev" will 
stick, and gradually soften the image 
of the man and his country. 

He has worked hard to "shatter the 
old portv-boss stereotype. A compari- 
son made tty many who have met him 
is that of a “hard-hitting chief execu- 
tive officer at a large American corpo- 
ration." in the woros of a French offi- 
cial. He is, as a group of us who 
interviewed him last May wifi testify, 
intelligent, articulate ana decisive. 

But” that interview also suggested to 
souk: of us that there is far more of the 
authoritarian in him than the speeches 
about democracy at borne and hu- 
manitarianism abroad convey. His 
lightning coup against Gromyko & 
Co. tends to confirm that; He orcbes- 
Lraied a tour in Siberia to show a 
populace clamoring for drastic action: 
he ordered newspaper editors to sup- 
port his line or else; then be struck 
while his chief rival. Yegor Ligachev. 
was out of town. The sweeping 
changes were rubber-stamped by a 
cowed Central Committee after' an 
hour’s discussion — unanimously. 

!t was a performance that Mrs. 
Thatcher would envy. (President 
Thatcher?) She is right in suggesting 
that there is reason for the West to be 


encouraged by what has happened in 
Moscow. But she is wrong to pin it 
on the probable impact made the 
Soviet Union of a new and infelici- 
tous title change for Mr. Gorbachev. 
The title’s impact will be abroad. 

Mr. Gorbachev has confirmed that 
be is a skilled political operator able 
to consolidate his power. He, Foreign 
Minister Eduard Shevardnadze and 
the new head of the Central Commit- 
tee's International Commission, Al- 
exander Yakovlev, share a clear con- 
sensus on what they want to do in 
foreign policy and have a free hand. 
They are deal-makers, ready to find 
terms with a new U.S. administration 
to reduce international tensions. 

Bui the results at home are far less 
clear-cut than they may appear. Mr. 
Ligachev and other conservatives 
survived Mr. Gorbachev’s best shoL 
They have been moved sideways, 
but they still have their hands on 
domestic levers of power. 

Moreover, tbe changes have done 
nothing immediate to (1) resolve tbe 
chaos that has been created in gov- 
ernment ministries and factories by 
die uneven switch to semi-market 
mechanisms of perestroika, (2) to fix 
an agricultural distribution system 
that fails to get 25 percent of the 
output from the nation's farms to 
consumers before it rots, or (3) to get 
consumer goods into empty shops, 

Mr. Gorbachev finishes his overture 
with a grand flourish. Last weekend 
brought the aid of the beginning of his 
rale, as British Sovietologist Robert 
Service notes. Prez Gorby now has no 
supposedly invincible opponents in 
the Politburo to blame if the economy 
keeps refusing to respond to bis pro- 
gram. If that happens, he may have to 
rail back on the ample and erode 
powers of party boss to stay m dia ry.. 

The Washington Post. 


second scenario steadily more pasua- 
sive — with the partial exception of 
some achievements in foreign policy. 

We also see signs that the center- 
right forces in the ruling elite are 
increasingly disturbed by what they 
see. If we are correct, then in the next 
year or two Mr. Gorbachev is fikehr 
to come under increasing political 
pressure. He wfll be seen as the chief 
architect of failing policies, and Ms 
supporters will gradually transfer 
then allegiance elsewhere. 

There is much evidence suggesting 
that last weekend’s fairly elaborate 
changes in structures and personnel 
woe prepared conspiratonaDy, then 
sprung on die Central Co mm it t ee. 
They were railroaded through in a 
session that lasted one hour. Central 
Committee meetings usually last for a 
day or more. This was probably the 
shortest meeting in some 70 years. 

railrMfi^^^K^^n^itsdf are 
maneuvers that coaM rebound on Mr. 
Gorbachev in the future. So bras is 
known in the West, nothing as blatant 
as the Gorbacbevite methods of the 
last few days has occurred in Soviet 
politics since the palace coop that 
ousted Nikita Khrushchev in 1964. 

The center-right’s strategy has 
been not to resist openly, not to 
espouse an explicit rival program to 
thru of the Gorbacheviles bnt rather 
to resist and sabotage quietly, to wait 
for the Gorbachevites to bring the 
country to a stale of political and 
economic chaos in which the center- 
right can step forward at the right 
moment to restore order. 

Yegor Ligachev will probably now 
be forced to put up or shut up. If be 
makes a stand, rallying sympathetic 
forces in the Central Committee, the 
party apparatus, the mflitaiy and die 
KGB, the Soviet body politic will 
enter a period of virtual civil war. 

If he opts for a quieter fife, the 
more conservative fences seem sure 
— unless Mr. Gorbachev magically 
resolves the ri arm ring policy prob- 
lems that confront him — eventually 
to find new spokesmen at the top, 
and to renew their challenge. 

Mr. Goriachev has gained a breath- 
ing space, not long-term security. 

The writer heads the Kennan Insti- 
tute for Advanced Russian Studies at 
the Woodrow Wilson International 
Center for Scholars. He contributed 
this comment to The Washington Post 


Dukakis: 
The Miracle 
Is Over 

By Lawrence Lindsey 

C AMBRIDGE, Massachusetts — 
I have never been a believer m 
the “Massachusetts nriradc” Bui 
month. Governor Midnd Dj* 2 ** 
polled an economic hat rock that uas 
turned me around. He announced mat 
the state’s budget for the last focal 
year ran a surplus of $67 nrifli op- 
14! A budget that was in the deepest 
shade of red turned black with a wave 


Tbe magic lay in tbe acoounung-, 
Simply Tint, the stale balanced icsbuuf , 
getby borrowing hundreds of mflhonS 
from every conceivable source. 

Mr. Dukakis took 5250 million 
from the state’s capital account to 
fund current services; he then issued 
bonds to refund the capital account- 
Hr also borrowed from General Hec- 

tnc by refusing to rrfund 5122 munOT 
was dnethe corporation because 
of a tax overpayment. (A court or- 
dered Massachusetts to coagh up, and 
it has promised to do so — next year.) 

Then there is the state lottery, 
which, despite its name, must pay au 
its proceeds to the cities and towns . 
Here the governor’s budget underesti- 
mated tbe proceeds and then declared 
that the lottery's excess funds be- 
longed to the state. Wbai tbe 
tare Vwllnwt at this man euver, the gc*£. 
im or line-item- vetoed the funds th£- 
the lottery law committed to the cities 
and towns, one town at a time. 

Finally, the state borrowed money 
bean its own pension fund. 

Given tbe magic show with last 
year’s budget, there aren't many in the 
local xnrfimrt* who believe Mr. Duka- 
kis this year. Among tbe doubters are 
nimoCT all legislative leaders and the 
governor’s own Revenue Advisory 
Board. Although the state's constitu- 
tion prohibits defeat spending, the 
current consensus estimates a deficit 
between 5500 mflli nn and SI bfltion. 

While credibility is tbe major con- 
cern about Mr. Dukakis’s handling of 
the budget, the rimik of bis current 
budget also show an appalling lack of 
understanding ctf bowbudgets work. 

The budget ovoestimaies revenues 
by » wn n n ml r assumptions that 
are high even tty the optimistic stan- 
dards of official forecasts. Far exam- 
ple, his budget assumes that wages 
wfll rise 53 percent faster in Massa- 
chusetts than in the rest of the coun- 
try. Even though tbe stele has lost 
more than 100,000 manufacturings 
jobs m tbe last few years, job growth | 
is projected to grow at the “nnrade” 
rates of the eaity 1980s. 

Likewise, the budget underesti- 
mates spending. Mr. Dukakis has ig- 
nored thefaettnat an allowance mnst 
be made for unforeseen costs. In the 
last five Dukakis budgets, supple- 
mental budgets for agencies that rave 
exceeded wax spending authority 
have averaged 4.4 percent of the orig- 
inal appropri ation. If this average 
holds, we can expect 5506 mfllion in 
extra mending. But to make his pro- 
posal look balanced, Mir. Dukakis 
budgeted zero in unforeseen costs. 

Hu budget even ignored the need tQ| 
fund pay raises for state wrakesf 
whose contracts are being negotiated. 
Since the budget was proposed, nurses 
lave already reedvea an onbudgeted 
$29 mill i o n raise. Court officers and 
managers have been promised an un- 
budgeted 57 mflfian. Three police 
agencies have been wodring once July 
witheut a contract, and no money has 
been budgeted for their raises. 

Finally, tbe governor refused to 
fund the program of winch Ik darm* 
to be most proud: universal health 
care. Of $8J> million the state was 
supposed to spend to cower bad ddrts 
ana freeware cases, Mr. D ukakis ve- 
toed 57.5 motion. He also vetoed an 
authorization to spend up to 51 mil- 
lion on uncompensated care for com- 
mumty health centos. A pledge of $50 
nriffion to tbe hospitals to cover medi- 
care shortfalls failed to make tbe bud- 
get. In short, Mr. Dukalris has ignored 
the first fact of budgets: Programs ai^ 
funded with money, not mrantahotyj 

£a a budget just 1 percent as big as 
the federal fipvemmori’s, the coose- 
qoences of these tricks are smalt But 
the state’s $1 ttfikm budget ntis-estir 
mate e xt rap ol ates to 5100 bfltion at 
the federal level; its $506 mfllion in 
expected supple me ntal appropriations 
translates into $50.6 bflBon, and its 
513 biflkm public pension shortfall is 
tiie equivalent of $1 3 trillion for Un- 
de Sam. With these numbers in the 
cards, ttenext art a>dd be spontane- 
ous combustion cm Wall Street. 

Here in overwhelmingly Democrat- 
ic M a ss ach us etts, tbe DukaJds-Bush 

race is a dead heat. To some, that’s a 

surprise. Maybcr we know that the gov- 
ernor’s bag of tricks is really empty 

Tte writer teaches economics at 
Harvard Umventity He contributed 
this comment to The New York Times. 


100, 75 AND 50 YEARS AGO 


1888: A New York Tube? 1938: Benes Resigns 

PRAGUE — President Eduard r^_ 
bas bem seat to Amenca by a Europe- nes of Czechoslovakia 
m company recently formed to intro- o’clock this afternoon [85: ^ 2 


duce rnto New York a system (rf under- 
ground railways, similar to that now 
existing in London. These genriamwi 

expect to remain in New Ycak about six 

weeks, during which time they wiH 
make an expert survey of the g mmA 

1913: Foriridden Flumes 

NEW YORK — “Your hat if you 
please, madam; we must have that 
Mgrette, was the demand made by 
the Customs inspectors yesterday 
(Oct 4] of all women disembaridneat 
New York with forbidden plumes m 

their headgear. It was the first day of 

the new tariff law, which prohibits 
the importation of all feathers 
plucked from five birds. Anrid 


circumstances which he 


under 

TtJ >Bd - aS 

nation retired one erf tire formrJ^S 
the Republic and its 

ss.'tS 

MMSagg 

mg German troops will now SS 
to occupy Bohemia for himfSrf 
miles mare than was conteSSr.5; 
by the British, the FrSSr® p i a *f d 
Czechs when the “peacewhhi? d ?£ 
was signed at Munkfa 

Chmdun said: “T S Winston 


drew UD the tariff or Who 


drew up the tariff, a dozen women 
were despoiled of their feathers. 


be^^^^dess 

tamed a total mnrt&Zagg™*- 





INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988 


Page 5 


OPINION 


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America Has Cleaned Up 
Since the Black Sox Days 


Vietnam Distorted: Birth of the Credibility Gap 


^ — — JL^AUWJO. 

By George F. Will 

kjSjSSS ? 65 !sS4? 

5!?" ‘JSrtHP.? - prac- serve as base 

ue«on WaD Street, it is well to revisit Kenesaw ] 
an CTa when America was really raw. chock of whi 

Eight Men Out, based ot HSot AsinoTs Lniesrity Ale 

SfJfeL UUcaboutthcBlad£ Sox tiSSSJX 

KandaL TJere are two fine novds on dm dent Mr. Lai 

^ bourtKM dri 

■ fP. NiiKellas “Sweless Joe, ^ which is stiff senteno 
being made into a movie. Who, half a Prohibition, 
century from now, win write novds and dramatizing 
makemovies about Watergate? As many dard Oil <1 
as today are m teres ted in the Tesqwt rebate case i 
pooKKsidaL Bat when scandal tenebed turned him ) 
ba^iall, it touched a national nave. serW2hdm< 

in» rntwi poignant figure of the Black a Chicagoan 
Sox scandal was Shoeless Joe Jackson, marine sa n k 
pJJterate natural who compiled the Mr. TWi. 
uurd- highest bauing average in history Sox players, 
and who was so reflexivdy great that knew afoul i 
even when throwing the Series he could report it. It i 
not stop himself from hitting 375 and h^jpeced to 
sertmg a Series record with 12 hits. the players w 

The scandal is a window in a danV pidity and sn 
basement of U^. history. In 1919. Most of then 
Americans woe feeling morally admira- of the promi 


The White Sox conspirators attainte d 

that they would get away with it because 
they assumed, almost certainly correctly, 
that other major leaguers had got away 
with Fixes. The team owners, frightened 
about the posable devaluation of their 
franchises, rushed out and bought some 
virtue in the person of a federaljodge to 
serve as baseball's first commissi oner. 

Kenesaw Mountain Landis, with his 
shock of white hair ova craggy features 
and his tnail-slol mouth, looked like 
Integrity Alerted, just as Warren Har- 
ding, elected in 1920, looked like a presi- 
dent. Mr, Landis was a tobacco-chewing 
bourbon drinker who would hand out 
stiff sentences to people who violated 
Prohibition. He had a knack for self- 
drama tiring publicity. He fined Stan- 
dard Oil w Indiana $29,240,000 in a 
rebate case (the Supreme Court over- 
turned him) and trial to extradite Kai- 
ser WUhdm on a murder charge because 
a Chicagoan died when a Goman sub- 
marine sank the Lusitania. 

Mr. Landis barred from baseball eight 
Sox players, including one who merely 
knew about the conspiracy but did not 
report iL It was rough justice: Nothing 
happened to the gamblers, and some of 
the players were guilty primarily of stu- 
pidity and soccumbing to peer pressure. 
Most of them were cheated out of most 
of the promised money, and only one 
player made much ($35,000). But rough- 
ness can make justice effective. Base- 
hall's gambling problems woe cured. 

The 1920s, the dawn of broadcasting 
and hence of hoopla, would wash away 
memories of the scandal Those years 
were the golden age of American sport 
— Babe Ruth. Jade Dempsey, Gate 


3 . — j , wui » gaujDuiig pruuieuis were curea. 

benes occurred three months before the The 1920s, the dawn of broadcasting 
b egin ni n g of a misadventure in moral- and hence of hoopla, would wash away 
ism. Prohibition. But gambling was as memories of the «and»i Those years 
American as the Gold Rush — the dream were die golden age of Ameri can spent 
of quick nches — and when the govern- — Babe Ruth, Jack Dempsey, Gate 
ment dosed racetracks during the war. Tunney, Red Grange, Knme Rockne, 
gamblers tamed to baseball, then Amen- Bobby Jones. BfllTuden, Man o’ War. 
ca’s biggest entertain m e n t industry. From Wall Street to Main Street, and 

, Hold lobbies where teams stayed in cluding both wuli nf Penns ylv ania Av- 
teemed with gamblers. "Hippodroming” enue, America back then —when a UB. 
was the 1 9th century word for throwing senator appeared in advertisements en- 
games, and in postwar America there dorsing Lucky Strike cigarettes — was 
was a new brazeo n ess among gamblers, immeasurably less scrupulous about 
On SepL 10, 1920, various WaD Street standards of behavior than it is today, 
brokerages received “flashes” on their Baseball put its house in order Nyausr 
news wires: Babe Ruth and some team- of the Black Sax. Ten years later the 
mates had been injured in an accident en crash ushered in a new age of regulation 
route to Cleveland. Quickly the odds on of financial institutions. And various 
that game changed, and the gamblers, scandals, before and after Watergate, 
the source of the He, cleaned up. have produced refinements (and some 

over-refinements) in rales about com- 
portment in the corridas of power. 

Letters intended Jar pubfication Civilization advances by fits and 
■ should be addressed “Letters to die starts, often stimulated by shocked sen- 

EtSlar” tmd contain the writer's signa- sibUities. As another baseball season 

ture. name aid full address La- comes to a dimax, it is well to consider 

ters should be brief and are stdjea to bow far America has come in the 68 

airing We cannot be nspcnsihk far years since Chicago children began their 

the ream cf unsobated manuscripts. ■ sandlot games with the cry “Play bad!” 

] Washington Past Writers Croup. 


W ASHINGTON — General Maxwell D. Tay- 
lor, chairman of the Joint Chiefs of Staff, did 
not succeed in shearing lieutenant Colonel John 
Paul Vann when he canceled the cdond’s sched- 
uled brirftog for the American military leadership at 
the Pentagon on July 8, 1963. The “students” Colo- 
nel Vann had left behind in South Vietnam spoke 
for him. He did sot have to do any long-distance 
leaking from Washington. We had absorbed his 
lessons well enough to proceed on our own. 

D 

The American reporters shared the miliiaiy advis- 
ers’ sense of commitment to the war. Our ideological 
prism and cultural biases were in no way different. 
We regarded the conflict as our war, too. We be- 
lieved m what our government said it was Dying IO 
accomplish in Vietnam, and we wanted our country 
to win this war just as passionately as Criood Yann, 
who had ted the advisory effort in the northern 
Mekong Delta, and his captains did. 

David Halberstam of The New York Times 
thanked Colonel Vann for the lessons when the 
colonel wrote him lata that July and remarked on 
how daringly critical of President Ngo Dinh 
Diem’s regime the American correspondents in 
Saigon had become in their coverage of the Bud- 
dhist crisis. (The political crisis bad begun (hat 
spring when the regime had forbidden the flying of 
the Buddhist flag on Buddha’s birthday and then 
crushed a Buddhist protest, killing nine people. 
The monks had fought bade with public suicides by 
fire and street demonstrations in urban centos.) 

“This was the tune to go for broke and use all dur 
ammo — while people were really watching,” Mr. 
Halberstam agreed m his letter of reply. “We think 
and talk about you all (be time, and often when we 
write it is with yon in mind. Bat more important, 
I think you ought to know that what you taught us 
about the Mekong Delta remains of crucial impor- 
tance in covering this story, rhat it is almost impos- 
sible to kid us now, that we know exactly what to 
look for and what the heart of the matter is. In the 
face of the monumental effort here to con as, we 
have mental flak jackets yew gave us,” 

On Aug. 15, a little more than five weeks after 
Colonel Vann’s day of rage and despair at the 
Pentagon, an updated version of his view of the war 
appeared on the front page of The New York 
Times under Mr. Halberstam’s byline. 

Mr. Halberstam, who had covered the war since 
September 1962 (he left Vietnam in December 
1963), did not dare to state Daily that the Viet Cong 
were winning. None of the resident correspondents 
dared this yet He knew that his editors in New Yodc 
were already frightened by his rmortiiig. A straight- 
forward assertion that the Viet Cong were winning 
would make them more muons and they would say 
itwas subjecave and refuse to prist h. He th ei rf oie 
organized the facts to make the statement for him. 
The headline writer saw the point and set it over the 
story: “Vietnamese Reds Gain in Key Area.” 

“South Vietnam's military wtuatinn in the vital 
Mekong Della has deteriorated in the last year, and 
informed officials are wanting of ominous signs,” 
Mr. Halberstam’s dispatch began. He pfled fact 
upon fact to describe the Co marais t buildup. 

A year earlier, the guerillas bad bees ass embling 
in formations no large than 250 men. Now they 
were massing in groups of “600 and even 1,000 " 

A year earlier, the Viet Coog had avoided the 
Army of the Republic of Vietnam and concentrated 


By NeU Sheehan 

The writer war Saigon bureau chief for United 
Press International from April 1962 to April 1964 
and a correspondent there for The New York Times 
from August 1965 to Aupist 1966. 

on the inferior Civ3 Guards and Tnitjii* Today, 
because of their new strength in captured uA 
weapons, they were “pricking fights” with Saigon’s 
regulars. “They are almost cocky about it he 
quoted an unidentified American adviser as saying. 

“Increasing quantities of Communist-made 
weapons and ammunition” were bring smuggled 
into the South to supplement the captured Ameri- 
can arms, and the guerrillas were also an giriring 
better radio communications than ever. The objec- 
tive of these preparations was still more alarming. 
Mr. Halberstam quoted an “expert source” as 
having warned that the Ieaderriup is Hanot was 
bunding toward a strategy of “fast, hard-hitting 
mobile warfare” to overwhelm the ARVN. 

Mr. Halberstam and I and the other correspon- 
dents had seized on the Buddhist crisis, as we had on 
the humiliating defeat of the regime's troops in the 
battle of Ap Bac the previous January. 

We had been holding it up as proof that the Diem 
government was as bankrupt politically as it was 
militarily. Genera] Paul D. Harkins, the command- 

The story teas meant to be a 

* 

land mine of fact . But the 
force of the explosion did not 
blow away the fantasy. 


ing general in Saigon, had retreated to the argument 
that although the Buddhist movement had mar- 
shaled discontent in the cities and towns, it had not 
interfered with the successful prosecution of (he war 
against the guerrillas in the countryside. 

Mr. Halberstam’s Aug. IS story was truth re- 
vealed with a hidden motive. It was mean t to be a 
land mine of fact to blow up tins newest Harkins 
stage set and compel tbe Kennedy administration to 
face the reality that it was losing. The dispatch did 
detonate in Washington with tbe blast of a mine — 
but the force of the explosion did not blow away the 
fantasy as Mr. Halberstam bad hoped it would. 

President Kennedy tienumderi to know if there 
was any truth in the story. Major General Victor 
Kntlak of tbe Marine Corps, a Harkins ally at the 
Pentagon, appealed to General Harkins, and tbe 
latter’s chief of operations. Brigadier General Rich- 
ard StDwdl, Teletype*} a lengthy memorandum con- 
tradicting the article print by point 

Thanks to Generals StilweD and Knilak and to 
their own hubris, President Kennedy and the major- 
ity of those at tbe top of his administration retained 
confidence in the generals. Secretary of State Dean 
Rusk went out of ms way to denounce Mr. Halber- 
stam's article as false at a State Department press 
conference tbe day after it was pubhshed. 

□ 

The daim that young reporters on the scene were 
inventing bad news hid become more ludicrous than 


ever by the late summer of 1963, because by now tbe 
majority of the established correspondents in Asia 
wboregulariy visited Vietnam raw the war in essen- 
tially the same terms as we did. 

They included Peter Kalischer and Bernard Kalb 
of CBS; James Robinson of NBC; Stanley Kamov, 
formerly with Tune and, in 1963, with The Saturday 
Evening Post; Robert P. Martin of U.S. News & 
World Renon, and Charles Mohr, Time’s chief 
correspondent for Southeast Asia. These men were 
not the sort to be hoodwinked by a bunch of cuts. 

Yet Mr. Halberstam was in soious Double with 
his editors in New York. He was fighting for his 
professional lffe as wefl as to win a war. The Tunes 
did not believe in crusading journalism. Mr. HaJber- 
stam might have convinced some of tbe paper's 
readers that he was correct about tbe regime and the 
war. but he had not convinced bis own superiors. 

Tbe two senior news editors in New York. Turner 
Cariedgi the managing editor, and Ins deputy, Clif- 
ton Daniel, had no wish to see The Times used as a 
propaganda platform by the United States govern- 
ment They enjoyed an occasional scrap with which- 
ever administration was in office. 

Mr. Halberstam had forced the papa into a 
consistently adversarial position with the Kennedy 
administration- Tbe decade of Vietnam was to 
change the attitudes of Mr. Cailedge and Mr. Dan- 
iel. Both men were to become outspoken advocates 
of an aggressive press, but in 1963 the adversarial 
role was new and they (fid not like it at dIL 

Executives at Tbe Tunes were also still feeling 
the pain of tbe controversy over Herbert Mat- 
thews’s sympathetic reporting of the pre-Commu- 
uisi phase of Fidel Castro's revolution in Cuba. 
They were afraid that Mr. Halberstam might be 
bringing a similar scandal upon them. 

President Diem’s supporters in the press, like 
Joseph Alsop with his echo of tbe “Who Lost 
China?” witch-hunts of the 1 950s. did not hesitate 
to aggravate this fear. In early September, The 
New York Journal-American and the other 
Hearst newspapers began to accuse Mr. Halber- 
stam of bring naive about co mmunis m and pre- 
paring the way for a Vietnamese Castro. 

Doubts about Mr. Hal bers lam’s reporting grew 
as one descended the editing chain of command at 
The Tunes. Irritation reinforced the doubts. 

Mr. Halberstam’s strengths as a journalist were 
his total commitment of time and energy to a story, 
the weight and quality of information that flowed 
from this commitment and the speed with which he 
could write under deadline. During a three-week 
period in August and September 1963 tbe ratine 
effectively denied all correspondents use of the 
telegraph office by imposing a censorship that let 
through nothing except propaganda. We had to 
send oat all of our dispatenes on commercial airlin- 
ers and have them cabled from other Southeast 
Asian cities. On one morning, four different arti- 
cles totaling about 4,000 words came whirling out 


uri Freedman, and the assistant foreign editor, 
Nathaniel Gostenzang, were clerkly men who had 
never been reporters. They had no sense of the 
tensions under which Mr. Halberstam was work- 
ing, and instead of seeing his strengths they saw his 
chronic shortcomings as a jour nalis t — his ran-on 
sentences. Ins mixed-up syntax, his cabling at 


greater length than they thought a story warranted. 
Their predilection for neatness led them lo focus 
on the weaknesses, and so did the complaints from 
the copy desk editors, who had lo struggle every 
day to ready Mr. Halberstam’s dispatches for print. 

The doubts came out is a rush when Marguerite 
Higgins of Tbe New York Herald Tribune arrived 
in Saigon in August and begun to contradict every- 
thing Mr. Halberstam was saying. 

For every one of the regular visiting correspon- 
dents who saw the war as we did. there were others 
in the United States anxious to accept and defend 
the official view. Tbe lack of precedoU for such a 
wholesale failure by the U.S. military and political 
leadership was too much for them to overcome. 

Miss Higgins was an example. In 1963 she was. a 
famous for eig n correspondent who had the profes- 
sional stature that Mr. Halberstam tacked at the 
age of 29. She had won a Pulitzer Prize in J9yl for 
her reporting in Korea, writing bravely of the 
debacles at the beginning of that war. 

During her approximately four weeks in Soutn 
ViemanTshe filed a series of dispatches sayinc. in 
sum, that tbe Buddhist crisis was the invention of 
Machiavellian monks and gullible reporters: that 
General Harkins and the Diem regime were defeat- 
ing the Viet Cong, and that “reporters here wouid 
tike to see us lose the war to prove they're right.” 

The Tunes' s foreign desk badgered Mr. Halba- 
slam with cables about her stories. Tbe inquiries 
implied that she might be righi and that he ought to 
hedge or correct what he had been reporting. 

He was furious and heartsick that al ter all of these 
months his own editors did not believe him. He lost 
bis temper completely. “Gersiauang. if you men- 
tion that woman's name to me one more time 1 will 
resim repeal resign and I mean it repeal mean iu' - he 
cabled in response to yet another maddening inqui- 
ry. At that umc the editors in New York did not 
want to transfer him out of Saigon or have him 
resign, because the papa might be accused of moral 
cowardice, and so (he inquiries about Miss Higgins's 
stories stopped, but the doubts remained. 

A measure of how lew Mr. Halberstam's credibil- 
ity was with his editors in New York — and of how 
high they held the credibility of the U.S. government 
in 1963 — came in late August when the Diem 
regime staged a series of mass arrests and the U.S 
Embassy and the CIA station gave tbe administra- 
tion a verson that was the opposite of what Mr. 
Halberstam reported. Tbe State Deportment re- 
leased the official version in Washington. 

The editors in New York wanted to print the 
official version on the front page and to pul Mr. 
Halberstam's story inride the papa. His patron on 
The Tunes and tho man who had hired him. James 
Reston. who was then running the Washington 
bureau as well as writing bis column, stopped them. 
He argued that they should not second-guess the 
man in the field. He persuaded them to run both 
versions side by side on ihe front page under the 
same headline, with a statement below the headline 
explaining that the conflict reflected “the confused 
situation in South Vietnam." The Tunes had never 
done anything tike that before. 

Three days later, the State Department conceded 
that the official version had been wrong. 

This article was adapted for The New York 
Times from the book " A Bright Shining Lie: John 
Paul Vann and America in Vietnam." 


LETTERS TO THE EDITOR 


i«:bi II* !»•” Ui ^ 


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Alleged to Have Gas 

Regarding “ Poison Gaf: Every- 
body Minding His Own Business ’’ 
(Opinion, Sept. 29): 

Bernard Nossiler writes that 
Afghanistan, China, Pakistan, In- 
dia. Syria, Israel and South Africa 
.possess chemical weapons. He re- 
to findings attributed to the 
Stockholm International Peaoe 
Research Institute. 

While those countries are in- 
deed listed as alleged possessors of 
chemical weapons in the 1987 SI- 
PRI Yearbook, it is imperative to 
note that the allegations have not 
been made by SIPRI but rather by 
other sources mentioned in the 
chapter on chemical weapons. 
Furthermore, when public denials 
have been made, these denials are 
died in tbe chapter. 

SI PRI has consistently used the 
method of reporting both allega- 
tions and denials, with reference 
provided as to the sources which 
have made the statements, in or- 
der to accurately reflect the devel- 
opments in the field of chemical 
weapons. However, reporting such 
statements does not mean that SI- 
z PRj has passed judgment on the 
factual state of affairs. 

1 The type of mis-anributioo in 
Mr. Nossuer’s article discredits SI- 
pR]*s efforts to inform the public 
-as accurately as posable in the area 
of chemical weapons. 

JOHAN LUNDIN. 

Stockholm International 
Peace Institute. • 
Solna. Sweden. 

Silence in Lebanon 

In response to the editorial “Fate- 
fid Days in Lebanon" (Sept 22): 

As a Lebanese, I feel insulted by 
what 1 am reading about the choice 
of a president for my country. It 
seems that tbe United States, Syria 
and sometimes Israd (through the 
Americans) must have a say. 

It is time for the silent majority 
to rise and elect the most suitable 
candidate to reunite the population 
and to purge the system of those 
ftho have rendered it weak and 
vulnerable. Thank God for &e re- 
jection of the foretgQ-Qominated 
candidate, and may the people see 
-the tight in a person with no affiti- 
.ation other than true nationalism. 
The only candidate who meets this 
criterion is Raymond Edd*. 

EDDYAR1DA. 

London. 

*\ Bright Shining lie’ 

! w as surprised by your anti- 
’ American review of “A Bright 
Shining Lie" (Books. SepL 22). Test 
or 15 vears ago it may have been 
routine, even obligatory, to imply 
-in an article touching on Vietnam 
• that the North was right, audany- 
' wav nationalist and the South was 
^ wrong, while the United States was 
P arrogant. But do sensible people 
'■ still think that way in 1988, with the 
boat people continuing to risk titetf 
' fives bv the thousands to racape 
and even Jane Fonda apologizing? 
BRUCE STRASSBURGER- 
BangkoK 


A Use for Gasoline Tax 

The editorial “Raise the Gaso- 
line Tax” (Sept. JO) is on target 
about the urgent need to increase 
this tax in tbe U nited States. Where 
it stumbles is when it gropes for a 
way to reinject sane of the result- 
ingreveaue into the economy. 

That is easy: Use it to repair or 
prevent some of the catastrophic 
damage being done to the environ- 
ment by gasoline and other fossil 
fuels. The impetus to this world- 
saving industry will get money to 
its workers, who are consumers. 

HERMAN ARCHER. 

Giza, Egypt. 

Having It Both Ways 

I laughed, not unsympathetical- 
ly, at the situation of the woman 
naval officer who refused, on 
grounds of human dignity and fem- 
inine modesty, to be watched by 
another female — as navy regula- 
tions require — while providing a 
urine sample for a drug test (“Drtig 
Testing vs. Modesty: Dilemma for 
U.S Navy.” SepL 3.) 

This exemplifies the hypocrisy 
and inequity inherent in the wom- 
en's movement Such women want 
tbe so-called male advantages with- 
ont tbe disadvantages. They refuse 
to relinquish fexninme privileges. 

But if men must be observed, then 
so must women. Further, if men 
must lace death in battle, so should 
women. Otherwise, let’s stop this 
nonsense and recognize that equal 


human value of tbe sexes does noi 
imply biological, physical or emo- 
tional equality. Discrimination 
based on valid reasons is not unjust 
STEPHEN YOUNGER. 

Paris. 

Diving in the Red Sea 

Regarding “ Red Sea Diving" 
(Travel SepL 9) by Walter Wells: 

The writer could have gone 
through an Egyptian dive center. 
There are many good ones. 

] have lived in Egypt for almost 
10 years and find the Egyptian 
people quite friendly. I have never 
had a problem at any Egyptian 
border mossing. Bonier guards of 
any nationality can be arbitrary, 
but I have never seen an Egyptian 
border guard even imply that he 
would Accept a “fine." 

There are no known attacks by 
sharks on divers in the Red Sea. 
Tbe sharks may be curious but they 
are not hungry, and a diver is usual- 
ly as big as die shark. My experi- 
ence has been that when someone 
yells “Stark,” (fivers grab a mask 
and jump in, hoping to see it 
The article overlooks the boom 
in facilities for divers that tbe 
Egyptians are developing; the 
young Egyptians who are setting 
up dive centers in southern Sinai; 
the new hotel facilities available 
all along tbe coast, and the nature 
preserve at Ras Muhammad. 

THOMAS B. HARTWELL 
Cano. 




r-.r - »*. 






■ f 


Macroeconomics: Apply It With Rubber Bands 

Regarding "Why the Fed Doesn’t Need to 'Cool It’ ” 

( Opinion, Sept 17) by Jude Warmiski: 

This co mmen t reminded me of instead leap to recommending pd- 
why 1 derided some years ago not icy derisions concerning interest 
to go on far a doctorate in econom- rates based on the price of gold, 
ics. It would appear to be just as Tbe fact that inflation is the result 
true now as it was then that macro- of thousands of companies making 
economic theory does not closely pricing derisions based on cost and 
relate to, and therefore cannot ac- competition, and that gold prices 


i economic behav- result from evaluations by many 

ior in tforeal world. individual investors of alternative 

Macroeconomic theories (con- financial instruments, smear not 
caning inflation, growth, unem- to interest Mr. Wa nn i sfa . It is 


ployment and so on) consist of enough for hi m that some general 
sets of simplistic relationships theoretical ot empirical link may 
winch, while generally holding exist between these vastly different 
true over lime, regularly fail to hold systems to justify specific short- 

. _ ^ 1 - Kv ttlift Pori 


true at any particular moment in 

time. Microeconomic theories 
(about supply, demand, costs, 
prices) provide intrinsically true, 
bat stiB simplistic, relationships. 

Incredibly, no macroeconomic 
school of thought is a direct exien- 
sion of mkroeconomic concepts. 
Economists such as Mr. Wannislo 


exist between these vastly different 
systems to justify specific short- 
term derisions by the Fed. 

Ail this brings to mind a col- 
league’s response years ago lo a 
question about the impact of a cer- 
tain policy change cm the economy: 
“It afl depends upon the elastic- 
ities." You can't argue with that. 

TODD D. MARTIN. 

GrSfelfing. West Germany. 





own 


SOUREN MELIKIAN 

IN THE IHT EVERY SATURDAY WITH 
AUTHORITATIVE WRITING ON THE 
WORLD OF ART AND ART AUCTIONS 


cutty SAR* 


In the fiercely competitive clipper races 
from Australia to England, one name stood 
out, "Cutty Sark". 

A hundred years later. Cutty Sark Scots 
Whisky maintains the same tradition of 
outstanding quality and style, a distinctive 
and delicate whisky in a class of its own. 


BLENDED 
SCOTS WHISKY 

WC?. Scotch 'Whiskies 
fo t baa test Kttfe&r ■/. 


SCOTS 'WHISKY 

&xn»*ioritv Curt, Sark Iba&ici* ft«a»WDr>H7? 














Page 6 


INTERNATIONAL HERALD TRIBUNE, THURSDAY. OCTOBER 6, 1988 


ASIAN 

TOPICS 


Opposition in Nepal 
Showing Signs of life 

Nepal's opposition Nepali 
Congress Party is showing q gns 
of life after successively losing 
an armed rebellion in the 1960s. 
a 1981 referendum in which 
King BLrendra’s nonparty plat- 
form swept 55 percent of the 
vote, and the death in 1982 of 
its longtime leader. Bisweshwar 
Prasad Koirala. Mr. Koirala 
had been prime minister before 
King Birendra's father. King 
Mahendra, deposed him in 
1960 and outlawed political ac- 
tivity. 

Today, “we are banned but 
active,” Krishna Prasa Hat- 
tarai, the Nepali Congress Par- 
ty’s president, told Sanjoy Ha- 
zarika of The New York Tunes. 
Two years ago party nominees, 
running without a party sym- 
bol, won local elections m Kat- 
mandu. They were ousted later 
in the year for boycotting Con- 
stitution Day celebrations on 
the anniversary of the over- 
throw of the Koirala govern- 
ment. 

Although parlies are still 
banned, private meetings and 
discreet handbills are permit- 
ted. The Nepali Congress Party 
itself has split into two factions, 
one that wants to enter the ex- 
isting system and one, led by 
Mr. BhaUarai, 64, that wants to 
keep its distance until the multi- 
party system is restored 

A senior government official 
said the opposition was allowed 
to function “as long as it does 
not pose a threat to the system.** 
He said that “there may be a 
role for political parties in the 
distant future.” 

Around Asia 

Beggars are an increasingly 
common sight in China, but only 
one in five is truly needy, ac- 
cording to the government- 
owned Peking Review. It said 
many were professional beggars 
“whose desir e for money sur- 
passes their sense of shame.” 
Tire influx of beggars has oc- 
curred after the relaxation of 
laws restricting farm workers 
from entering Chinese dries. 

Cho Chaogjen, who left a wife 
and two children behind when 
he defected, from mainland Chi- 
na to Taiwan in 1984, was 
charged with bigamy after mar- 
rying a fellow defector. Kao 
Tungping. He said his first mar- 
riage was invalid under Taiwan- 
ese law. The case is pending. 
The Free China Journal of Tai- 


pei said the court's verdict 
could set a precedent for thou- 
sands of Other mainl anders who 
remarried in Taiwan after leav- 
ing spouses behind on the main- 
land. 

Wjkfljfe Notes: Seven small 

carnivorous piranhas from 
South America were caught in a 
Singapore storm water c anal. 
piranhas are illegal in Singa- 
pore but experts said three oth- 
ers that apparently escaped 
were unlikely to survive, be- 
cause of nearby salinity. And 
they attack only in large groups. 
• The rare Eastern Saras 
crane, thought to have been 
wiped out in Vietnam when 
American troops drained and 
defoliated its Mekong Delta 
habitat has returned now that 
dikes have been buOt to restore 
the wetlands, according to the 
World Wildlife Fund. At last 
report, about 1.000 of the birds 
had been sighted. 

Acronymania Rages 
Among Indonesians 

KOPKAMTIB was abol- 
ished recently by a KEPPRES, 
which created BAKOR- 
STANAS to take its place. The 
Associated Press reports from 
Jakarta. What happened, in 
translation from Indonesian 
acronymania, is this: 

The Operational Command 
for the Restoration of Secu rity 
and Order (KOPKAMTIB. or 
Komando Operas PemuHhan 
Ream an an Dan Ketertiban) 
was abolished by a presidential 
decree (KEPPRES. or keputu- 
san president), which created in 
its place the Coordinating 
Agency for Assisting the 
Strengthening of National Sta- 
bility (BAKORSTANAS, or 
Badan Koordinasi Bantuan Pe- 
mapta pan StabQitas Nasional). 

Acronyms, usually with the 
first syllable instead of the first 
letter of a word, are a national 
craze. The mam political party 
is called GOLKAR, short for 
Gdongan Katya (in English. 
Functional Groups). Most gov- 
ernment officials and depart- 
ments have acronyms. 

Foreign words and phrases 
get acronyms, too. "Neocolo- 
nial imperialism” was cut to 
“necolim” decades ago. A 
Third World athletic tourna- 
ment became known as Ganefo 
— Games of the Newly Emerg- 
ing Forces. 

To the uninitiated, the front 
pages of Indonesian newspa- 
pers look like alphabet soup. 
Ozre editor cautioned his staff 
about shortening jaksa agung 
(attorney general) to j agung. 
which means popcorn. 

Arthur Higbee 


Japan Is Again Accused of Trying to Sanitize Its War Role 


By Susan Chira 

Vffv Turns Service 

TOKYO — A textbook publisher has 

deleted a lesson describing Japanese bru- 
tality in World War II after protests from 
ruling party politicians. 

The move drew criticism from educa- 
tors and opposition politicians who 
charged that Japan was again trying to 
sanitize its past. 

Unlike the Germans, who teach their 
students about German atrocities in the 
war. the Japanese seldom discuss the war 
publicly. Some Japanese intellectuals, as 
well as the neighboring Asian nations 
that Japan invaded in the war. fear that 
young Japanese are growing up with a 
distorted view of history. 

Few Japanese textbooks include refer- 
ences to the Japanese occupation of Ko- 
rea or the slaughter of civilians by Japa- 
nese troops in the Chinese city of 
Nanjing. Many Japanese students say 
they never reach the section about World 
War n in their histoty classes. 

A group of Japanese revisionist histori- 
ans has been trying for several years to 
rewrite textbooks to reflect their view 
that Japan was unfairly termed the ag- 
gressor in World War II. 

Attempts to substitute “advance into 


China" for “invasion or China” in text- 
books. for example, have prompted an- 
gry and alarmed denunciations from Chi- 
na. 

Sanseido Publishing Co„ a major pub- 
lisher. touched off a storm of criticism 
from a group of ruling party politicians 
'and the education division of the parry's 
policy-making panel with a five-page les- 
son entitled “War.” included in an En- 
glish textbook for senior high schools. 

Fukuo Ishinabe, Sanseido’ s editOT in 
chief, said no one in the government had 
exerted pressure on the publishing bouse, 
adding that he had voluntarily with- 
drawn - the lesson. 

The textbook passage read, in part: 

“Which nation is the most crud?” 

“The Germans." 

“No. No. The Japanese.” 

A Japanese narrator relates his shock 
and embarrassment at hearing this in a 
party of Southeast Asians. A Malaysian 
then describes watching a Japanese sol- 
dier run his sword through a Malaysian 
baby, killing ibe child in from of bis 
mother. 

But the narrator continues: "War 
makes people cruel So we cannot say one 
nation is more cruel than another." 

He describes American troops in Viet- 


nam, who “scatter poison by helicopter” 
— presumably Agent Orange, a defoliant 
suspected to have caused birth defects 
among Vietnamese and the children of 
U.S. servicemen. 

The lesson ends with (he statement, 
“These stories are sad. but sometimes we 


"The lesson includes 
parts that say Japan is 
the world’s most 
cruel country. We 
concluded we cannot 
let this textbook be 
used.’ 

Sbizuka Kamel, 

A right-wing legislator 

have to face uncomfortable things to 
make our life better." 

Allbough the textbook passed an Edu- 
cation Ministry screening last June and 
24.000 copies have already been ordered 


for senior high schools nationwide, sever- 
al mlin g party politicians protested. 

shiswlra Kama, a prominent right- 
wing legislator from the’ ruling party and 

an outspoken advocate of the revisionist - 
camp, said a group of 41 like-minded . 
legislators met late jn September to cam- 
paign against the textbook. 

“It is but of the question to include, 
material to promote a certain ideology." 
Mr. Ramei said. “The lesson includes 
parts that say Japan is the world's most 
cruel country and a story which cannot 
be proved. $fe concluded we cannot let 
this textbook be used at schools.” 

Mr. KameTs group supported Seisuke 
Okuno, the Cabinet minister forced to 
resign this spring after he said that Japan 
did not have any “aggressive intentions” 
in China in the 1930s. 

Although Mr. Kama represents the 
right wing of the ruling party, several 
accounts of the cabinet meeting where 
ministers discussed Mr. Okuno’s resigna- 
tion suggested that several ruling party 
leaders supported Mr. Okuno and his 
view of history. 

The Japan Teachers’ Union and the 
opposition Japan Socialist Party de- 
nounced the decision to amend the text- 
book and charged that the ruling party 


‘"Mss- •«< 

. Japan-Teachers Union said, ihe acuo 
bvthe ruling party ?nd measures ^ e j 
by the Education Mimstry.and U* 
listing company is teadmg in a very a**- 

genius direction.” . . 

“ Gen taro Nakajima, the minister or 
education, denied. exerting any Jjwgj 
on Sanseido. “Various voices were rai*» 
on this issue,” he said. “But **dj*P* 
■ a totally voluntary decision on the pu° 
fishing company, and the annssay ^ac- 
cepted their offer to change the text- 
book/* 

Mr. Ishinabe said Sanseido acted after 
reading press accounts that distorted ux 
textbook passage to make it seran as a. 
Japanese were innately cruel people. . 

“We to change it because inis 

misunderstanding could be a hindrance 
to the healthy cultivation of student^ 
sentiments,” he said. “There has 
direct contact or pressure. We shahccO" 
limp holding to the principle of freedom 
of speech in our publication business. 

The publishing company will replace 
the l esson on war with one describing the 
musical “My Fair Lady.” 


Khomeini Urges Iranians to Rebuild 
Without the Help of U.S. or Soviets 


By Elaine Sciolino 

Sew York Times St nw 

WASHINGTON — In a state- 
ment oq Iran’s postwar policies. 
Ayatollah Ruhollah Khomeini has 
called on the Iranian people to re- 
build the country without relying 
on either the Soviet Union or the 
United Slates. 

The statement, reported by the 
Iranian press on Monday and 
made available in Washington on 
Tuesday, appeared to run counter 
to speculation in the West that Iran 
was eager to reopen talks with the 
United States. 

“God willing , the warrior Irani- 
an people will maintain their revo- 
lutionary and sacred rancor and 
anger in their hearts and use their 
oppressor-burning flames against 
the criminal Soviet Union and the 
world-devouring United States and 
their surrogates," Ayatollah Kho- 
meini said in a written message. 

The Iranian leader. 86. who is 
said to be in very poor health, add- 
ed, “As long as 1 live, I will not 
allow the real direction of our poli- 
cies to change,” repealing the im- 
portance of the long-held policy of 
“neither East nor West.” 

Ayatollah Khomeini’s statement 
was issued as the While House and 
the State Department repeated 
strong denials that the United 
States was talking with Tehran 
about the release of the nine Amer- 
icans held hostage by Iranian- 


backed groups in Lebanon as a 
prelude to an improvement in ties. 

The denials occurred a day after 
the release in Lebanon of an Indian 
citizen with U.S. resident status 
who had been held hostage by pro- 
Iranian kidnappers for more than 
20 months. 

The former hostage. Miihilesh- 
war Singh, said in Damascus that 
he bad not been treated as harshly 
ns be bad expected and that the 
three Americans held with him 
were all right. 

The ayatollah's statement was is- 
sued in response to a letter from 
Iran's senior officials asking about 
guidelines for reconstruction. 

Those seeking guidance were 
Hasbemi Rafsanjani, speaker of 
the Ir anian parliament and com- 
mander in chief of the armed 
forces; Ayatollah Abdul Karim 
Musavi- Anlabill the chief justice, 
and Mir Hussein Moussavi, the 
prime minister. 

The statement by Ayatollah 
Khomeini was his fullest explana- 
tion of how he believes Iran should 
try to rebuild its economic, social 
and military systems since Iran em- 
braced a cease-fire in the Gulf War 
on Aug. 20. 

Despite the “acceptance of 
peace,” he said, the development 
and expansion of the country's de- 
fensive and military power “is one 
of the fun dam ental and primary 
objective of reconstruction." 




Some experts say they believe his 
remarks were little more than a 
restatement of his repeated desire 
to keep Iran independent of domi- 
nance by either of the superpowers 
and would, therefore, have little 
effect on efforts of his subordinates 
to rebuild the country with the help 
of outsiders. 

But they said the statement 
could also be a warning to go slow 
ro those elements of the regime who 
have concluded that face-to-face 
negotiations with the United States 
are inevitable. 

If statements from Tehran and 
Washington are any guide, the nor- 
malization of relations between 
Britain and Iran last week and the 
release of Mr. Singh do not appear 
to have brought tire United States 
and Iran closer to improving diplo- 
matic relations. 

in a brief exchange with report- 
ers. President Ronald Reagan de- 
nied that the United States had 
negotiated or would negotiate the 
release of the hostages, and he de- 
clined to speculate on why the cap- 
tors freed Mr. Singh. 

■ Bosh Linked to Release 

A former president of Iran said 
that an aide to Vice President 
George Bush negotiated Mr. 
Singh's release and that Iran re- 
ceived arms, possibly in a deal to 
free the captive, The Associated 
press reported from Paris. 

But the former president Abol- 
jbassan Bani-Sadr. said Tuesday 
that he did not know if the ship- 
ment of weapons was related to the 
release. 

“There has been a delivery of 
arms to Iran." he said. "Does that 
have something to do with the re- 
lease? I don’t know.” He gave no 
details. 

A spokesman for Mr. Bush, the 
Republican presidential nominee, 
termed Mr. Bani-Sadr s remarks 
“absolutely false.” 

Mr. Bani-Sadr said in Paris, 

; where he lives in exile, that accord- 
ing to his information, a man 
named Richard Lawless negotiated 
the release of Mr. Singh. But be 
said Mr. Lawless "has denied iL" 

“I am trying to verity it" he 
added. 

The While House spokesman. 
Martin Fitzwater, said in Washing- 
ton: “There is a fellow named Law- 
less. He is over there. What he’s up 
to, nobody knows. But he doesn't 
represent the United States. He 
does not represent the vice presi- 
dent or the president or anybody 
else." 

Mr. Fitzwater said Lhat the 
"charges are not true — from top to 
bottom.” 

"Bani- Sadr’s full of beans.” he 
said. 


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The United Nations secretary-general, Javier P&rez de CtteOar, lefi,-and Foreign Minister Tariq Azfrv 
of Iraq entering a meeting in New Yorit to discuss restming negotiations on a permanent peace wife 
ban. Mr. Aziz said aba* a meeting on Wednesday that the talks were a “constructive exchange.” 

Israel Vote Unit Bans Kahane Party 
From Role in Parliament Elections 


By Joel Brinkley 

Sew York Times Service 

JERUSALEM — Israel's Cen- 
tral Election Commission banned 
Rabbi Meir Kahane’s extremist 
Kach Paity on Wednesday bom 
participating in Israel's partiamen- 
tary elections next month. 

The commission ruled 28 to 5 
that Mr. Kahane. an American em- 
igrant who advocates forcible ex- 
pulsion of all 22 million Arabs 
bom Israel and its occupied territo- 
ries. headed a party that was “rac- 
ist” and “undemocratic.” under a 
law. The law was written three 
years ago specifically to disqualify 
Kach from participation in elec- 
tions. 

Mr. Kahane had said he would 
appeal any ban to the Supreme 
Coun. But if the court upholds the 
election commission’s baa, the dis- 
qualification would be a major 
boon to the conservative Likud 
Party. It might give Prime Minister 
Yitzhak S hamir 's party the edge it 
needs to form a coalition to control 
Israel’s government for the next 
four years. 


Pollsters and analysts of the left 
and the right now rate the election 
a tie. Polls show that neither For- 
eign Minister Shimon Ffcres’s La- 
bor Party nor Mr. Shamir’s Likud 
are likely to gain enough seats, even 
with their likely coalition partners, 
to gain control of the government 

But an independent political 
pollster and analyst Hanoch 
Smith, said Ms surveys over the last 
several months ' have shown that 
Likud could take a majority of the 
seats — if I-ikp ri was w illing to talr£ 

Kach as a coalition partner. 

Kach now has just one seat in 
Israel’s 120-seat pariiameat. Mr. 
Kahane fills h. But the 10-month 
Palestinian uprising has driven 
thousands of rightist voters even 
farther right, and surveys now 
show that Mr. Kahane’s party 
would get at least three seats in the 
next pariiameat. 

“Without Kahane, they won’t be 
able to get a majority” unless pre- 
sent trends change, Mr. Smith said 
last week. 

Rabbi Kahane’s views are so ex- 
treme that Mr. Shamir has said be 


would not join forces with him, 
even if accepting Kach as apartner 
would give him theneeded 61 seals. 
But if die ban against Kach is up- 
.held, those votes would almost tifa- 
tainly go to other rightist partibs 
that would be acceptable coalition 
partners for Ukud. 

Recognizing that, fkutiel Ben- 
Ya'acov, a Kach spokesman, said 
Wednesday’s election commission 
vote “was a political decision made 
by pohtidans.” 

But conmnssioQ. members, all of 
them sitting arasphing members of 
the parliament from other parties, 
said they voted, to ban Kach be- 
cause it espoused “Nazi-like ideol- 
ogy,” and “rarism.” 

The election conmusaou banned 
Kach bom running in the Iasi elec- 
tion. too. But the Supreme Court 
overturned that ban, saying .there 
was no law to support it 

So in its present session, the' par- 
iiameat passed the law banning 

parties that are “racist' or “undem- 
ocratic,” specifically so the ojde- 
mission would have a legal founlfi- 
tkm for banning Kach this time 


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Italians Soften the Sexy Look 

\.. * CoBection Brightens an Otherwise Dull Day 


INTERNATIONAL HERALD TRIBUNE. THUBSnAY OCTOBER 


6. 1988 


Page 7 




mm 

*;to. 


*■* 

m r 

**• 

law 


:«• 


By Suzy Menkes 

Tribune 

-"-.-‘sss.— 

sH-Fi-.s 

, ^^collections are showing 

vaafrfB 

■o W ^»W»8»W 


• •• . -s s'-'S "W* m / 










SOVIET: Market Reforms Urged 

tr % t; i x .. C 


nitHise with beige and grey drani- 
paung the show. The aim was to 


•i 



S?*t24SSS5 

°p bare anns and legs. 

Sf-.*-.-.® 

jsn « Luciano Soprani, where 
the designer has always favored 




Jbe stony beiges and greys of 
**“»*$■ Those cdSsSiS 
“t for sfllcen sleeveless coats 
jtet were really open-sided^ 
!£* "RPP^S to the calf. Un- 
derneath went long-sleeved 
WOTses and pants in dkffon. 

jnose pants were wide — very 

JJfjf vT a ? d camc al» in silk 
de !*■*» “d® long fitted 


skirts, winch came in smudgy 
prints. The curvy jrckels with 
spotty wide-feg pants looked Kve- 

MILAN FASHION 

lier. Chiffon scarves drifting 
®oout, voik tames with pants and 
kyered chiffon skirts aD softened 
toe silhouette. J^fid-calf dresses, 
fitted to the body, seemed newer, 
and a few Indian colors — bu^t 
umbo-, ocher and mustard vdlow 
— spiced things up. 

Missoni put some fizz into a 
““5 da? by producing its best 
and b right est collection in years. 
The patchworks of color, zmgy 
™uces of pattern and tapestries 
of knit went back to Missoni 
baacs. They also recalled those 
swinging days when fight boxes 
oozed globules of color and Mini 
mgs were something you cut up 
to wear. ^ 

That ethnic mood is back in 
fashion, and the show might 

have used it to shape toe dotoes. 

which were 


T unaer long fit 

jackets, or in fluttering diiffon. wmcn were pretty regular: kme 

i5SL°y* «^SsT £ tbTgsTSdif 

IW knobbly tweed win feather light 


materials, the line looked heavy. 
The filmy fabrics seemed most 

S"“ ?ht - Whn,dre ^ 


«, rnened on the bodice, had 
baUeHcngth skirts in 
^cMon layered ovff a d^p 

BasSe 


quiet 


rainbow lmi t 

Stained glass window patterns 

amd mosaic prints were other 
Missoni ideas from the archives. 
They came on the veiy long tn- 
btdar or swingy skirts and on 
loose dresses with a raised waist. 
Rants were wide below a nar- 


rower top half. Bright swimsuits 
wwc piped with pattern and toe 
same print exploded over sarong 
wraps. 

The wife of the U.S. ambassa- 
dor to Italy, Ruth Rabb. is up 
from Rome to view some shows 
and was at Ferragamo in a lip- 
stick red jacket. “It was just 
beautiful," was her judgment on 
a collection that had most of the 
current Milan themes, incl uding 
toe newly revived day dress and 
the wider pants. These were done 
in an understated way with col- 
ors drawn from nature: beige, 
tan and shades of green from 
apple through 

Complice; when n«Mi» Mon- 
tana was its designer, used to be 
known for giving French polish 
to Milan style. 

Muriel Gratteau, the current 
desp”^, is French, and she 
wave^ to e flag with her French 
Revolution theme that brought 
m striped vests and pants and 
graphic tricolor designs. Thai 
meaoi her princess dresses, 
which might have looked sweet, 
wsre bisected into garish blocks 
of red, white and navy. 

. Navy dominated the cofiec- 
hon, best for a high- waist jump 
ant. Other forget-it ideas were 
‘tosses in solid silk to toe knee 
but sheer chiffon to the calf 
txanqjarent singlets with beD- 
bottom pants and a gypsy lay- 
ered. dress with hankerchief- 
pomt skirt It looked like a house 
m need of a designer revolution. 








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QA: 2 Orders Said to Loosen Rules CHILE: 

^ interpreted as having an too- bembine.^ toat to£ A Big TlimOUt 


A bright collection from Missoni; Here, 


cokHfni canfigan over a swingy striped sift stoT*^ 


(Continued from page I) 
instrument of public control over 
quality and cost,” he said. 

Challenging the conventional 
Marxist-Leninist view that toe 
state must own all productive prop- 
erty. he said toe current experi- 
ments with cooperative ownership 
and renting property to farmers 
and small entrepreneurs should be 
expanded to heavy industry. 

“Our previous concepts of public 

property and our altitudes to this i 

problem have proved to be untena- 
ble," be said. His comments were 
reminiscent of Mr. Yakovlev’s dec- 
laration in August that toe key to 
economic change was “ins tiffing a 
sense of ownership" in workers and 
farmers. 

Mr. Medvedev, like Mr. Gorba- 
chev. rejected toe idea of allowing a 
Jonnal political opposition to toe 
Communist Party, while leaving 
toe way open for creation of new 
"public organizations" that would 
defend toe interests of citizens. 

■ Moscow Faults Romania 

Michael Dobbs of The Washing- 
ton Post reported from Moscow: 

, Mr. Gorbachev met Wednesday 
in Moscow with toe Romanian 
, j ! s, ' co * ae Ceausescu, and sre- 
nutra toe Kremlin’s concern over 
economic and political policies that 
have left Romania out of step with 
its Communist neighors. 

In an unusually blunt luncheon 
address, the Soviet leader made it 
clear that he is disturbed by eco- 
nomic mismanagement and human 
rights violations in Romania. He 
said that toe failings of any Com- 
raumst country could bring dis- 
credit on the entire Communist 
system. 


indirect appeal to Mr. Ceausescu to 
pay attention to protests voiced bv 
neighboring countries over his en- 
vironmema] policies. 

In hk reply* Mr. Ceausescu indi- 
cated that he intended to continue 
along his solitary path. He told Mr. 
Gorbachev that “one should al- 
ways bear in mind toe fact toat the 
revolutionary process is unioldin® 
in each country in different condi- 
uons. 


HcrallC rtrJ Sribnnr. 

BUSINESS /FINANCE 

MORE 

business 

NEWS 

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fcmdjviikpj&aj I 
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ThiBMlav: lniemjnnn.iJ 
Friday: WaBSinm Wjuch 
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iMrfi.s.Tdf 

... 


Kalia t 
mlEh 


U — "—it m "*y jwiii up 

^^^MStydefinitively why they torrorist activity 

(Mr. Bush, asked during an aj>- 
Pfarance in Lmleton, Cobradolf 
toe report m The Watoington Post 
wre. tore, said: “Absohitdy not 
To circumvent the law against as- 
^^ations is absttodely crinri- 

. The Reagan admimstration's de- 
casion to undertake potentially vio- 
lent actions to counter terrorism 

grew emt of intense frustration with 

oonunued car bombings of UA 
bufldings and the taking of hos- 
tages in Lebanon, sources said 

Mr. Reagan signed the first find- 
ing with the so-called license- to-Jrill 
ihmguage on Nov. 13, 1984, just 
days after his landslide re-election 
victory. The House and Senate in- 
telligence committees were not told 
of toe critical language of toe find- 


Doubt Qtmyh Helps Dukakis dose Gap 

(Continued from page 1) n, e m . . “ 


been resemd- 


Tlns report, in The Washington 
Post, provoked concern in the con- 
gressional committees charged 
wto overseeing covert activities, 
which demanded an explanation 
from the administration. They were 

StSteS gQi8 ' ofl,KN “ v - 

Committee members raised 
questions about its apparently 


7.4 nnUion Chileans who had regis- 
tered to vote in the p lebi scite. 

Opposition leaders also were 
conoemed about some discrepan- 
ces between t ec hn ical infor mation 
toeywere receiving &om torn poll- 


ii!t 


could evade the prohibition on any 
revolvement in assassinations: The 
QA assured the committees that 
toe order had been rescinded and 
noionger applied, officials said. 

Sf. packing of TWA 
Flight 847 m June 1985, Mr. Rea- 
gan signed a second finding on 
Aug. 1 1 with similar “good faith” 

lan g ua ge 

Inis time the committees were 


Ity the government. They said toe 
toferepaades could affect toe two 
sdey vote final totals. 

A majority of yes votes in the 


would serve right more 
yearn as president. Rqection of his 
candidacy would mean he would 
remam in office for nearly another- 
year and a half, after which free 
presidential elections most be M d, 
There were only scattered re- 
ports of irregularities, despite spec- 
ulation that violence and mtixnida- 
tiou would keep voters from toe 


clearly hurting the Republican 
Mr. Bentsen was an easy 
wuiner when voters were asked if 
they would vote for him or Mr 
Quayle if toe election were only for 
a vice president. 

Among toe minority of voters 
who said toat their opinion of toe 
vice presidential candidate s mat , 
tered “a lot" in deciding bow they 
would vote for president, Mr. Du- 
kakis led by 50 percent to 35 per- 
cent Among toe rest, Mr. Bush led 
by 50 percent to 39 percent 
The dropoff for the Republican 
ticket among voters concerned 
about the vice presidency canv> not 
only because of the apparent low 
esteem in winch toe electorate 
holds Mr. Quayle. but also because 
of Mr. Bentsen’s relatively high 
standing among the voters, particu- 
larly among moderates and conser- 
vatives. 

Although the survey was gener- 


cent of toe voters said Mr. Dukakis 


Under Mr. Ceausescu, Romania 

feWpSESKSSSlI Call Toll-Free 

state in Europe outside Albania. It 1 
has also become embroiled 


was a liberal, up from 36 percent 
tort month and 27 percent last 
May. Only 41 percent in toe new 
pofi saw Mr. Dukakis as a moder- 
ate or a conservative, down from 48 

percent m September. 


the 


The Middle West is the region 
where Mr. Bush’s campaign has 
sudjhat Mr. Quayle would help 
ublican ticket. But the poll 
he is not doing so. 

Mr. Bush has also said that Mr. 


The huge minority of voters de- Q^ y,e wocJd *>elp toe Republican 
senbe themselves as moderate (45 among younger voters. Bm 
percent) w conservative (34 per- lhe P<>H suggested that toe Indiana 
oatt). Only 15 percent call them- amaior may be hurting Mr Bush 

»nong young people even more 
1 be poD suggested that the elec- ^ m the rest of toe electorate. 


tion may be hardening ajong re- 
ponal lines. Mr. Bush had a con- 
aderable lead over Mr. Dnkakis in 
toe South and the vice president 
vras also ahead in toe West Mr. 
Oukakis led in the Northeast, 
where he gained more pound than 
anywhere rise in the country. 

The Middle West is becoming 

» /-I— I ..1 . O 


In toe presidential contest, there 
was one striking shift recorded in 
toe new survey: the virtual disap- 
pearance of the “gender gap”^ 

In the new survey, the choice 

among men was 46 percent for Mr 

J«h and 43 percent for Mr. Dnka- 


dispuie with its more progressive 
Communist neighbor. Hungary 
over reports of discrimination 
against us large Hungarian min nr. 
ity. 

. Although Mr. Gorbachev’s criti- 
cism of Romania was indirect, his 
message was clear. He told Mr. 
Ceausescu that several Communist 
countries were pursuing “profound 
reforms" while others were trying 
to resolve their problems “within 
the frameworks of existing struc- 
tures and methods." 

Noting that toe reputation of 
Communism would rise or fall ac- 
cording to toe “combined experi- 
race of the socialist nations," Mr 
Gorbachev added. “The success of 
each of them -will be a common 


# I . _ , — *• wurniuu 

ideological achievement, but the 
failure of any can, alas, mean a 
common setback." 


uu 






residence of Mohammed Hossrin 
Fadlallah, leader of the HezboIIah, 
or Party of God, faetkm rf pro- 
Iranian militants that toe United 
States has tied to terrorist actions, 
including the 1983 bombing of toe 
U.S. Marine Cops compound in 
a Lebanon. 

S’ The 1985 explosion killed more 

than 80 people, but not Mr, Fadlal- 

lah. The bombing was carried out 
by a group of Lebanese intelligence 
officers. U.S. officials originally 
considered these Lebanese poten- 
tial assets for anti-terrorist opera- 
tions envisioned in the Nov. 13, 
1984, intelligence finding. 

But officials have said that Mr. 
Casey, frustrated by his agency’s 
failure to act rapidly, asked Saudi 
Arabia to finance and organ™ the 
Fadlallah bombing as an “off toe 
books" operation outside official 
U.S. channels. 

A month later, in May 1985, it 
was reported that reportal Leba- 
nese intelligence agents had been 


, luupiuvuHoa 

of toe order. Yet another intelli- 
gence finding on anti-terrorist ac- 
twty superaeding toe Aug 11. 

agued on May 
12, 1986, without the disputed lan- 
guage. It remans in force. 

Interviews in Washington and 
abroad, and a detailed review of 


tiras mto the Iran-contra affair, 
show that the foil extent and scope 
of toe White House secret war 
agamst terrorists operated on many 
tracks, and some aspects of it are 
still secret. 

The language in the 1984 and 
1985 findings is ambiguous. The 
orders state that actions underta- 
ken in good faith and as part of an 
approved operation “must be and 
are deemed 6 to be lawful 

As an officia l said, the language 
is “inconsistent.” The drafters 
seemed to want to have it both 
ways, insisting toat all actions 
“nnm be" lawful but also stating 
that they “are deemed" lawful in 
advance: 


TENURE: Lesson in Thatcherism 








(Continued From page 1) 

five-year contracts. And there will 
almost certainly be a next fmv The 
direct government contribution, 
45.7 percent of Oxford’s total in- 
come last year, the equivalent of 
SSI million, is scheduled to decline 
by 2.5 percent a year for toe next 
three years. 

It has been hard for British aca- 
demics to get used la Since the 
early part of this century, the gov- 
ernment has provided money in 
abundance to all 54 universities in 
the United Kingdom. 


IW' 


(fl-TY 


But Mra. Thatcher began nitrtng 
. back spending on education in 
1981. A decade ago. direct, uncon- 
ditional government grants provid- 
ed the university system with 75 
percent of its recurrent income; last 
- year, 55 percent 

The government also pays tm- 
- dergraduate tuition, dose to $5,000 
■jm a year at Oxford, for most British 
\ Y ' students. 

The government says the policy 
is intended to make toe unrrcrsily 
system reorganize itself along ratio- 
nal lines, concentrating studies in 
specialized fidds at toe places that 
do than best 

Mr. Brewster said the more seri- 
ous question was whether the 
unique, and expensive, system of 
one-on-ooe tutorial undogr&duAte 
instruction could continue much 
longer at Oxford and Cambridge. 

There are 9,730 undergraduates, 
3.500 postgraduates and about 


2^500 academic and research ginff 
at Oxford. 

“There’s the political constraint 
of not doing for anybody what you 
can’t do for everybody." he said. 
“When the govemmau in this 
country took over most of the cost 
of higher education, the colleges 
were Ity and large for the privi- 
leged. 

‘There is a real question whether 
the costs wflj be met in an iztereas- 
sodety. It would 
a shame if they aren’t" 
Henry Drncker, the American 


cated General Pinochet would lose. 

The campaign battle between 
general Pinochet's supporters and 
those who supported a no vote was 
a bitter one. Bui Wednesday’s vot- 
rng was peaceful a shared experi- 
ence that provided remarkable 
scenes of a nation re-enconnlering 
its past and relishing the expression 
o» its public wiH 
The tranquillity was particularly 
wdowne after a tense night of 
blackouts that affected a broad 
central swath of the country, in- 
cluding metropolitan Santiago! 

During the campaign. General 
Pinochet lifted all states of emer- 
gency for toe first time in 15 years. 
He ended forced exile and allowed 
toe opposition unprecedented ac- 
cess to television. 

■ Constitution Fear 

Many diplomats and Chilean 
lawyers believe Che constitution un- 
der which toe vote was taken as- 
sures continued military domi- 
nance whether the conn tty votes 
for or against toe extension of Gen- 
eral Pinochet’s direct role, Reuters 
reported from Santiago. 

If the general loses the vote, the 
constitution grants him another 
year as president, makes him a sen- 
ator for life and, most importantly 
leaves him in command of the” 
57,000- member army. 

The Chilean Army has enabled 


Mr ™ gave ne insisted toat 

ta«™? L,rEerad ™ u ® : bAitar ^ the common 

concern of alL This was seen as an 


ing, the sources said. _ ^ 

was rescinded cm after toe finding P°Us or that toe government would »ui»cy was gener- me west is becomum cent for Mr ' r “ ^- uw,cu e«i mat any country was 

Aprd 10. 985, a month after a car "?* S, « IM 4 they continued to “““l vote at toe last minute, ft P 0 * 1 ** “w* Mr. Dukakis. election’s battleground — 43 P 6 ”* 31 * , fre ? 10 P 11 ™" its national interests, 

bomb exploded in Beirut near toe ^sequestions about this provision Most independent polls had indi- “trained sane disquieting the poll showed the contest is u r n,,'rL « J. , ore> taea gave he insisted that “the savine of 

” — •“ signals for toe Democratic nom- virtually evea The candidatoare advaniao ^ h,.m.„ OI ““ 

nee. The Bush campaign has dearly 
succeeded in severely tarnishing 
Mr. Dukakis’s public imag* More 
voters view Mr. Dukakis unfavor- 
ably (35 percent) than favorably 
(32 percent). That was the high est 
“favorable rating yet recorded for 
Mr. Dukakis in a Tnnes-CBS pofl. 

High unfavorable ratings are re- 


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since they indicate that 

voters are disin dined to consider 
voting for toe candidate. 

Mr. Bush still has a more positive 
image: 39 percent saw him favor- 
ably and 32 percent viewed him 
unfavorably. 

These numben help explain why 
toe Dukakis campaign is mounting 
a fierce attack on Mr. Bush this 
week with a senes of tough televi- 
sion commercials. 

“They've got to go to war with 
Bush on TV," said Governor Bill 
Urn Iot of Arkansas, a supporter of 
Mr. Dukakis. “Bush has called Du- 
kakis everything but a mongrel dog 
m his television commercials, and 
those commercials have to be effec- 
tively answered.” 

As a result, toe already negative 
tone of the 1988 contest is likely to 
get even harsher. Since both Mr. I 
Bush and Mr. Dukakis are suffer - ' 
mg from relatively high negative 
ratines, each man’s only recourse 


en toe assignment of 
glqtnmrfooandal picture atOxford, 
said, “Tutorials of two stndoats per 
tutor, rathe- than one. win be in- 
creasingly common.” Each tutor 
now has about 12 undergraduates 
to teach. 

Mr. Drudcff helps the univera- 
's vice chancellor, Sir Patrick 
(till, to run a five-year private 
fond-raising drive, the Campaign 
for Oxford, whose goal (somewhere 

around $350 million) will be an- 
nounced when it begins Oct 26. 

_ “Tim rest of the British universi- 
ties are depending on us," Mr. 
Drucker said. “If we were to fail, 
we aren’t going to fail it 
be disastrous." 

The irony is that for most of its 
right centuries of existence, Oxford 
was supported entirely by private 
funds. 


and was his main instrument m the 
ruthless antj-Conununist campaign ~ 
following toe 1973 coup. ftS- 
sands of leftists were killed or driv- 
en mto exile. 

Unlike the navy and toe air 
force, tte anny is present in every 
level of local and national govem- 
mmL Even the governor of the 
central bank is an army general. 

The vote stems from a constitu- 
tion witten in 1980 and adopted in 
a Pjctosate that opponents of Gen- 

«at ftnochei assert was frauduloiL 

Tailor-made to the wishes of the 

military, the constitution has been w r^--; 

sharply criticized both in Chile and <£.-£*. f! gQ0 *? “vestigacon of 
abroad. Solidarity's national spokesman 

because the spokesman 
1 befwe * U-S. congr 

timtoe in Sqrtember. 

A government spokesman said 
toe goal of the investigation was to 


Poland Sets 
Inquiry on 
Union Aide 

By John Tagliabue 

New York Times Service 

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Bothas to Co to Strauss Rites 

Reuters 

JOHANNESBURG — Presi- 
dent Pieter W. Botha and Foreign 
Minister R.F. Botha will attend toe 
funeral of the Bavarian premier, 
Franz Josef Strauss, in Munich on 
Friday, the Foreign Ministry an- 
nounced Wednesday. 



“We are profi 
sets that don’t 

come," Mr. Drucker said. “Cfae of 
the things we have to do is invest 
money to run an effective cam- 
paign." 

One of toe first things he had to 
do was to scrape togethar a mailing 
list so toe umveratycould make an 
appeal to its 116,000 living gradu- 
ates; to most of the alumni the 
university had never sent a single 
thing since they left 


8£00 aircraft that toe West rays the hn ^ fights committee. 

Soviets use as defensive intocep- _ In a bitter personal attack, the 
I f. .. Polish government spokesman. 

Administration officials say the tety Urban, said it was “strange" 
West ts prepared to dismiss Soviet ^ “a Polish citizen would appear 
. , - proposals to reduce aircraft but is Wore foreign state authorities! 
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Mr. Qnyszkiewicz testified be- 
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Page 8 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988 


SCIENCE 


Call 

ToUtFi 


•J'P’JTKSg* 

)r'. 

L 

m y 


Genetic Disease Hunters Embark on Vast Quest 


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By Harold M. Schmeck Jr. 

,Vw York Times Service 

N EW YORK — Dr. James D. Waisou. 

who is about to assume a key role in 
the largest biological research project ever 
contemplated, sees it as the redemption of 
a longstanding bargain between scientists 
and other citizens. “I think it is imperative 
to keep our bargain with the people who 
have supported biomedical research," he 
said in a recent interview. 

The project will immensely expand 
knowledge of human genetics. Directly and 
indirectly, that knowledge will be used to 
seek new ways of curing or opping with 
important diseases by teasing out the se- 
crets of the genes. 

Dr. Watson was co-discoverer in 1953 of 
the structure erf DNA (deoxyribonucleic 
add), die substance of the genes in all 
living thin gs. In 1962, he shared a Nobel 
Prize for that work with Dr. Frauds H.C. 
Crick, now at the Salk Institute in La Jolla, 
California, and Dr. Maurice HJF. Wilkins 
of Cambridge University in England. The 
discovery showed how DNA functions as 
the repository of all hereditary information 
and led to a revolution in biology that 
continues to accelerate and expand. 

The job that Dr. Watson begins this 
week involves helping to organize a feder- 
ally supported project to define all of the 


roughly 50.000 to 100.000 human genes, ll 
is known as the genome project, a genome 
bang the sum of all the genes of any 
organism. The project, if approved by Con- 
gress. is expected to lake 15 years and to 
cost several billion dollars. 

The double helix of the DN A molecule is 
like a twisted spiral staircase in which the 
rungs are made up of pairs of four subunits 
called bases: adenine always paired with 
thymine, cytosine always paired with gua- 
nine. The succession of those bases up and 
down the staircase is the code the cell uses 
as man ufacturing instructions to make all 
the substances that give it life, structure 
and function. Gene mapping means find- 
ing the precise locations of aS tbe genes on 
one or another of tbe 46 human chromo- 
somes. Def inin g the genes chemically 
means learning the correct identity and 
order of all the DNA subunits that make 
op all the human genes. This final portion 
of the genome project is called sequencing. 

Dr. Watson has been appointed asso- 
ciate director of the National Institutes of 
Health for genome research, a newly creat- 
ed post to oversee the institutes' involve- 
ment with the genome project. 

In his early years of research. Dr. Wat- 
son was known as a brash, witty and often 
abrasive enfant terrible. Tbe new appoint- 
ment seemingly completes his metamor- 


phosis into a senior statesman of science. 

“People know that i am interested in 
biology as a whole," be said. “Of course, I 
am also interested in human beings." 

The project is a logical outcome of the 
discovery made in 1953, but until recently, 
the idea would have been derided as fanta- 
sy because it was so far beyond the techni- 
cal capabilities of the science. The effort is 
made posable now by a series of advances 
that have increased knowledge of the genes 
and allow yrnirh of the work to be done by 
machine. 

The project is expected to yield benefits 
to human health. In recent years, it has 
become increasingly dear that genetic fac- 
tors are important in many diseases. 

“We are the genetic disease hunters,” 
said Dr. Watson, a tall, slim man whose 
gray hair is receding to wisps, whose eyes 
are in tense, whose conversation comes in 
short bursts. His comments are sharp. His 
distaste for the mediocre comes across 
clearly as he discuses the need for high 
quality research in the work ahead. 

The new project's prime objective is to 
map and dome chemically all of the hu- 
man gases, and those of some other species 
as welL The project has already received 
some federal seal money. To go forward 
on tbe scale that scientists like Dr. Watson 
want, however, major congressional fi- 


nancing will be necessary. Hie two lead 
agendes will be the National Institutes erf 
Health and the Department of Energy, 
although the details of bow the project will 
be organized are yet to be worked out. 

Dr. Watson will continue as director of 
the Cold Spring Harbor Laboratory on 
Long island , a post he has held since 1968. 
The laboratory is known throughout die 
world as a center for genetics research. 

The genome project has been a matter of" 
intense debate ana discussion among sci- 
entists- Some have applauded the idea. 
Others have argued that such a huge pro- 
ject will drain needed funds from many 
other areas of biomedical research. 

Dr. Watson said he believed the opposi- 
tion had dwindled, particularly now that it 
is clear that the institutes will play a major 
role. The institutes, the federal govern- 
ment’s main agency for the financing and 
conduct of biomedical research, are widely 
respected among scientists. 

Besides cost and scope, there are other 
similarities between the genome project 
and the Ameri can effort that put the first 
men on the moon in 1969. Like NASA’s 
Apollo project, the genome project does 
not require major new scientific discover- 
ies. There are many important technical 
and engineering problems to be solved, but 
no big conceptual question marks. 



Gamma Puzzle 
Strains Physics 


Binary star system \ '£ 


Companion tU 


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By Walter Sullivan 

New York. Tunes Service 

F I ARTICLES that seem to vio- 
late current theories about the 
behavior of radiation from space 
are striking the earth ai extremely 
high energy, scientists from several 
research installations have con- 
cluded 

The r adiati on was assumed to be 
extremely high energy light waves, 
or gamma rays, but when it hit the 
atmosphere it produces a shower of 
debris typical of impacts by matter. 
The conclusions were drawn from 
simultaneous observations of the 
showers by two types of detectors 
at the Los Alamos National Lab- 
oratory in New Mexico. 

The finding is so startling that 
the researchers delayed publishing 
it for more than a year while they 
checked their work and struggled 
to find some conventional explana- 
tion. 

Three possibilities have been 
proposed: that gamma rays at high 
energy behave hke bits of matter, 
even though they are light waves; 
that the observations were not of 
gamma rays at all but rather of 
unexpectedly massive neutrinos, 
subatomic particles believed to 
have little or no mass, or that the 
particles are unknown to science. 


This last possibility is “the ultimate 
in exotic explanations,” said Dr. 
Darragh A. Nagle of Los Alamos 
and two colleagues in their report 

1/ any of these three explanations 
proves correct the implications 
would be revolutionary, requiring a 
fundamental rethinking of some 
basic assumptions of modem phys- 
ics. The research confirms and 
strengthens observations reported 
in 1983 by German astrophysicists. 
That report was considered so bi- 
zarre that few scientists accepted it 

Dr. Malvin A. Ruderman, pro- 
fessor of physics at Columbia Uni- 
versity in New York and specialist 
in elementary particles and astro- 
physics, said the observations were 
“extraordinarily exciting,” al- 
though he wished that more data 
on the phenomenon were available. 

His view was echoed by Dr. Tre- 
vor C. Weekes of tbe Smithsonian 
Astrophysical Observatory on 
Mount Hopkins in Arizona, who 
has also obtained p uzzling results 
while observing gamma rays. 

The Los Alamos observations 
were conducted by a score of physi- 
cists. Those playing leading roles 
included Dr. Nagle. Dr. Joraan A. 
Goodman of tne University of 
Maryland. Dr. Guarang B. Yodh of 
the University of California at Ir- 



A Cosmic Puzzle 

Scientists studying gamma rays in cosmic 
radiation were astounded when .rr.pacts o' | 
what they thought were gamma rays were 
accompanied by unexpectedly abundant 
showers ot subatomic particles called 
muons. Such debris is typical of impacts o' 
matter, not giminj rays. The obse-vaben 
may force scientists to rethink basic et- 
sumptians about matter and energy. 


Particle shower 
triggered bv impact 
of cjmma rays 
on atmosphere 



Cosmic rays sre belies ed to 

come from pou-s of stars rV 
which one is an extra meijr 
dense neutron star. Moil 
cosmic radiation consists . 
of positively charg ed parti 
ctescalled proton* whose'. . 
paths ate bent ujtiej 
counter magneo'ch'etdsi 
space. But gamma 
have rvo char 
travel to stra 
lowing 

their origin.- '£ 


When gamma rays 
strike atoms in the 
upper atmosphere, 
the impacts 
produce showers 
of electrons and 
positrons, which 
canbe measured 
in detector* or. 
Earth. But recent 
eipenmentsalso 
detected the other, 
unexpected parti-- 
cies. 

• *2 •r v k'V>'s : 


Ilkmtfca by Robert Pmennk/Sonrce Soendlic Asebcm 


INTERNATIONAL POSITIONS 


THE 

AMERICAN UNIVERSITY 
OF PARIS 

The American College m Peril 

DEAN OF THE UNIVERSITY 

Tbe American UnivefSity of Paris seeks a chief academic officer to 
provide dynamic leadership (or the faculty as we embark on a 
challenging agenda ot new program development and curricular 
innovation. 

The American University of Paris is an independent, private institu- 
tion of higher education, chartered by the State of Delaware in 1962 
and accrecSted by MdcSe States ( reaffirmed 1 988) . It enrolls approxi- 
mately 1 100 students from ewer 60 nations (50% American, 15% 


mately 1 100 students from ewer 60 nations (50% American, 15% 
French) and awards the BA and B.S^ degrees in art history, 
comparative literature, computer science, Europe®) cultural studras, 
French studies, intematiana] affairs, international business administra- 
tion, and international economics. Academic programs are reinforced 
by an extensive co-curriculum drawing on the city's cultural resources, 
internship opportunities, and the largest English-language Gbray in 
contrental Europe. Classes other than fora gn languages are con- 
ducted in English; all students must attain competency n French as 
wefl. 

The successful candidate wti have an earned doctorate in a ifoeral 
arts or science discipline, a distinguished record of teaching and 
scholarship, and significant experience in academic ackninistration. As 
wefl, (s)he should have a demonstrated commitment to effective 
shared governance and to exceflencefo academic program s . Fluency 
in written and spoken French is preferred. 

Salary range is very competitive and commensurate with experi- 
ence. Ffeview of apportions will begin November 15 and continue 
until the position is filed. Starting date: July 1. 1989. 

Send nominations or letters of application with a c.v. to: 

Prof. George Wankfyn, Chair. 

Dean Search Committee. 

The American University of Paris, 

31 , avenue Bosquet 75007 Paris - FF1ANCE. 

Equal Opportunity Employer 


JOB OPPORTUNITY I 


A well established Agricultural business 
group in the Kingdom of Saudi Arabia, offers 
an exerting career opportunity for a 

MARKETING MANAGER 


The candidate must possess a degree in 
Agricultural Pesticides. Comprehensive experi- 
ence in the area of plant protection, market plan- 
ning and projections is a must. 

Those having minimum experience of 5 years 
in a similar position, sound knowledge of Arabic 
and English and transferable Iqama. may apply 
with complete details, to: 

The Personnel Manager 
P.O. Box 8128 - Jeddah 21482 
SAUDI ARABIA 

Attractive remuneration package depending 
on qualifications and work experience. 


"INTERNATIONAL POSITIONS’ 

appears every Thursday 


NITROGENOUS FERTILIZERS 
INDUSTRY S.A. 
(JLE.VJLL.) 

is seeking a 

CONSULTANT 


For an Ammonia and Urea Project, using Natural Gas as 
raw material. 

The Consultant must be independent and not be tied to any 
particular ammonia and urea technologies. 

The Scope of Work, of the Consultant will be to assist AEVAL 
to prepare the Invitations to Bid, as well as draft contracts, 
for the selection of Contractor(s) lor Ammonia and Urea 
Plants and evaluate the offers including the technologies. 
Interested qualified companies should send prequalifica- 
tion documents to: 

NITROGENOUS FERTILIZERS INDUSTRY S A 
15, Valaoriiou Str., Athens 10671, Greece 
c/o Dept General Manager of Development 
including: 

1. Detailed references ol their general experience in the 
chemical industry in connection with the Scope of Work 
described above, as well as of their specific experience 
on Ammonia and Urea Plants with natural gas as the 
raw material. 

2. Resumes of personnel anticipated to work in this 
project. 

The prequalification documents must be received by 
AEVAL not later than October 26th, 1988, and will be used 
to prepare a short list of -companies to which Invitation to 
Bid wul be sent. 


Our client, part of a major international organisation, is 
expanding its futures and physical crude oil trading 
operations in London and has vacancies for 

EXPERIENCED CRUDE OIL TRADERS 

Applicants will have at least 5 years experience of crude 
oil trading in both futures and physical markets, and 
must be capable of malting an immediate contribution to 
our clients business. 


vine and Dr. Jeremy Lloyd-Evans, 
now ai the University of Sussex, 
England. 

What they recorded were parti- 
cle showers like those initiated in 
the upper atmosphere when parti- 
cles or gamma rays hit an atom. 
These collisions generate high-en- 
ergy electrons and their positively 
charged twins, positrons. As they 
speed toward earth, these particles 
hit other atoms, producing more 
gamma rays that strike more at- 
oms. generating yet more electrons 
and positrons. 

This cascading continues untfl, 
by the time tbe shower reaches the 
ground, there are thousands of 
electrons and positrons. At Los 
Alamos these were recorded by 
more than 100 detectors. 

Cosmic ravs are chiefly protons, 
the nuclei of hydrogen atoms. Be- 
cause they are electrically charged, 
their paths are bent by magnetic 
fields they encounter during the 
milli ons of years that they travel in 
space. They reach earth from all 
directions and it is impossible to 
teD where they came from and thus 
how they were formed. 

Gamma rays are thought to rep- 
> resent far less than one percent of 


all cosmic ra y s . Like waves of visi- 
ble fight, they have no electric 
charge and therefore travel through 
space in a straight fine. The direc- 
tions from which gamma rays ar- 
rive are determined by comparing 
the times when electrons and posi- 
trons from a shower first reach 
each detector in an array. Only if 
tbe source is directly overhead are 
tbe arrivals simultaneous. The rela- 
tive times, which vary by fractions 
of a second, can indicate direction 
to within one degree. 

Physicists believe that most, if 
not all, high-energy cosmic rays are 
produced by pairs of stars in which 
one is a neutron star, one that has 
collapsed to extreme density, spin- 
ning at revolutions measured in 
seconds or less. Its spinning mag- 
netic field hurls protons and other 
particles that it has sucked from the 
companion star directly into space, 
except for the few that hit sur- 
rounding gas. This initiates a se- 
quence generating gamma rays. 

Among such two-star combina- 
tions are those in tbe constellations 
Cygnus and Hercules, known as 
Cygnus X-3 and Hercules X-l. It is 
chiefly from them that the p uzzling 
radiation has been observed. 


For 400 days, ending in July 
1987, the Los Alamos group looked 
at Hercules X-l. On July 24, 1986, 
die scientists recorded what were 
taken to be two 30-minule bursts of 
gamma rays. In the next bnrst, 10 
showers occurred when, statistical- 
ly, only 2^ were expected. 

It was assumed that the shower 
resulted from gamma rays. But si- 
multaneous observations at Los 
Alamos showed the shower con- 
tained an unexpected abundance of 
short-lived particles called muons. 

Tbe observations from Hercules 
X-l were reported last year in Mu- 
nich at a conference on cosmic rays 
and will be published shortly trf 
Physical Review Letters. 

Tbe problem is being ap- 
proached with caution because of 
doubts about reports in 1985 that 
highly penetrating muons from tbe 
direction of Cygnus X-3 were being 
observed. Because they were not 
then observed by more sensitive 
detectors the earlier observations 
are now questioned. While they are 
nnrdated to the new ones, the 
physicists have sought to be as sure 
as possible of their cotodosions be- 
fore publishing them 


Many Hritaa/n* N<" Yodc Taots 

Dr. James D. Watson 


Fertilization 
That Avoids * 
Surgery 

By Gina Kolata 

New York Times Service 

D OCTORS in Australia have 
developed a technique for 
im planting fertilized eggs in wom- 
en’s fallopian tubes. They hope the 
technique will improve the success 
rate of in vitro fertilization, without 
surgery. 

With in vitro fertilization, eggs 
are removed from a woman's ova- 
ries, fertilized in a laboratory di s h 
and then inserted into the uterus in 
the hope that pregnancy will result. 

When fertilized e gg& are put in the 
uterus, rather than in the fallopian 
tubes where fertilization normally 
occurs, success may be reduced. 

Until now, efforts to implant fer- 
tilized eggs in the tubes involved 
abdominal surgery. In the new pro- 
cedure, doctors use catheters. The 
method is expected to help womeniK- 
wfao ov ulate and whose fallopian ' 
tubes are healthy, but who nave 
been unable to become pregnant. 

Women with healthy fallopian 
tubes constitute as many as one- 
fifth of women at in vitro fertiliza- 
tion dimes, said Dr. Joseph Schnl- 
man director of the Genetics and 
IVF Institute in Fairfax; Virginia. 

For many of the women, the 
problem is that their sexual part- 
ner's semen contains low numbers 
of sperm cells that make them 
incapable trf fertflizmg an egg. By 
mixing the semen and eggs in -a 
laboratory dish, doctors improve, 
the odds of fertilization. . 

The new method of implantation - 
was developed by Dr. Robert P.S. 
Jansen, Dr. John G Anderson, and 
Dr. Paul S. Sutherland trf the Royal 
Prince Albert Hospital and Sydney 
IVF in Sydney, Australia. The 
catheter contains an extremely fine 
inner catheter that the doctor can 
manipulate to insert a developing 
embryo into die fallopian tube 
witlxmt surgery. 

Reporting on the new device in a 
recent issue of the New Englan d 
Journal of Medicine, Dr. Jansen 
and his colleagues said they have 
transferred embryos into five wom- 
en, and one became pregnant Dr. 
Scbulman has tried tfu: method on 
two women in the United States. 
Both of them becamepregnant, but 
one had a miscarriage.' 


In Australia, a Bid to Save Giant dams 


By Michael Richardson 

International Herald Tribune 

O RPHEUS ISLAND. Australia 
— When seen beneath die wa- 


try for island nations in tbe Asa- choral to the seabed, they are the 
Pacific region. Some experts be- largest bivalve molhisks in tbe 
lieye that sale of dam meal to world. The king of the clams, Tri- 
Asia, where it is prized both as an dacna gigas, has a shell len gth of 

anhrrtHicior a roilinuw *L 


Please reply to: 

Box 31088, 63 Long Acre, 
London WC2E 9 JH, United Kingdom. 


i mask, the giant clams bang grown 
I on the reef in an experimental 
I mariculture farm look luce rows of 
technicolor cabbages. Some are 
mottled brown; others peacock 
blue, green and purple. 

The juvenile clams are protected 
from fish and other predators by 
long mesh-wire boxes staked to the 
; coral. At high tide they lie under a 
meter (three feet) of seawater. But 
when the tide recedes, scientists 
can walk out to the nursery on the 
reef. 

The project is part of an interna- 
tional effort to save some of tbe 
seven species of giant clam from 
extinction. John S. Lucas, leader erf 
the breeding program at Orpheus 
Island, said lhat clam farming is on 
the verge of becoming a new indus- 


cy, could earn up to S100 million a 
year in export income. 

If clam fa rming is developed, 
said Mr. Lucas, h could bring 
“substantial financial benefits to 
countries of this region, many of 
which suffer from depressed econo- 
mies” And. he added, domestica- 
tion of the giant dam “should also 
reverse the current trend towards 
extinction of this group, and enable 
restocking of man; reefs which 
have been over-exploited.” 

Mr. Lucas is bead of the Zoolo- 
gy Department at James Cook Uni- 
versity in Townsville, a city on the 
northeastern coast of Australia that 
serves as one of the main entry 
points to the Great Barrier Reef. 

In their natural habitat, the giant 
clams of the Tridacnidae f amil y are 
a prime target for fishezmeo. An- 


IN VESTMENT BANKER 

Small private consulting firm seeks 

INTERNATIONAL 
FINANCE PROFESSIONAL 

International merger and acquisition 
corporate finance projects. 

Fluent French and English. Frequent trips. 

Send c.v. to: Box D236. 

International Herald Tribune, 92521 Neuilty, Cedex, France. 


rfr | k IMERMTIOMI.ijy # | 

ilcraiOs^^Snbun 

I'olilidril Slh IV V-n Yiwi* Timr~ *ieb! TV Ihrf 

Now Printed in New York 
For Same Day Service in 
Key American Cities. 

To subscribe call us toll-free in the U.S.: 

1 - 800 - 8822884 . 

(In New York, call: 212-752 3890.) 

Or write: International Herald Tribune, 

850 Third Avenue, New York, N.Y. 10022. 

Or Telex: 427175. Or Fox: 212-755 8785. 


readies 50 years of age and weighs 
almost 500 kilograms (almost 1, 100 
pounds). 

Giant dams live an, or near, cor- 
al reefs in shallow tropical waters 
of the Pacific and In dian oceans 
and the South Girina Sea. Once 
common throughout the Indo-Pa- 
dfic area, the two largest bivalves, 
Tridocnu z faas and Tridacrui der- 
osa . have Been listed as threatened 
species by tbe International Union 
for the Conservation of Nature. 
Experts say that overfishing in the 
last two decades by foreign trawl- 
ers, particularly from Taiwan, and 
to a lesser extent by Pacific island- 
ers, has caused the drastic darimw 
in numbers. 

dam meat is part of the tradi- 
tional diet of many islanders. It is 
also relished by people in Japan, 
Taiwan. Hong Kong, Singapore 
and other countries of East Asia. 
As much as 20 p&cent ol the total 
weight of a dam is meat. The ad- 
ductor muscles, which , open and 
close the clam shells, are worth 
about S2S a kilogram, while the 
mantle muscles currently fetch up 
to S10 a kOo. 

An insatiable consumer appetite 
for clam meat in Asia seat trawlers 
to distant reefs and breeding 
grounds in tbe 1970s and the 1980s. 
Some 50 dam drips were sent south 
from Taiwan each year. In 1986, 
for example, a Taiwanese boat 
seized in the Solomon Islands had 
six tons of high protein dam mea t 
an board, culled from about 10.000 

rfllBW 

Much of this fishing was illegal 
and Mr. Lucas said it lad wiped 


oat Tridaata grgas in most pans of 
Micronesia, the Marianas, Guam, 
Tuvalu,.. Vanuatu, New Caledonia 
and Fiji. In the Philippines and 
parts of Indonesia, the species is 

dose to extinction, he added. Clam 
shdk in tbe Philippines are sold to 

tourists and exported. In Indone- 
sia, they are used to make floor 
tiles. 

The Great Barrier Reef has be- 
come a haven far giant dams be- 
cause they are not widely sought 
by Australians other for meator 
for the shells. The moUusks haw 
been declared protected 
and intensified air and sea surveif 
lance has halted fonagTpSf: 
?mce 1985 T«i™ 

S^f iony ‘ im,on M 

on Orpheus Island for f n F.J ,ro ^ ect 

GtrineaandtimPhfcS^^ 
revolved yd the technolog^^ 
mg transferred to P ari^n r?.?.**- 

Richard D.Bnil^^^ 

matme biologist woiking^TtiJ 
prqect, said that JjSJ®*** 
and Tridaouz gems, L* 1 ?® 


rial for commerddSv^- 

<W he said, are ^S J B ° a ; 
evolution ” Th«i a— v 1re aks of 


dvi 


ap^df- 

ggf 

1-1 


sperm. ftSey said tiiai^J? duce 
ant dams were induced 8*- 

seawater tanks at 
land research station. Urpbeu5 is " 




k T-zPvt.-' j- 

life- 

ill#— 

pti-v; 

Si*-** 


- 

mm;-'. 












b- 


FROM medical systems 






#S.d*Wj 

Wr- i':" 



MVV 

ifcdfck. 



^JRSPAY. OCTOBER 6. 1988 

IWTERNATlOHAt M ANAGER 

Join the Territorial Army, 
Lcam Corporate Survival 


Ihral&S^Sribimc. 

BUSINESS / FINANCE 


TO BUSINESS SYSTEMS 


In T ouch with Tuniomw 

TOSHIBA 


** 


Page 9 


Pillsbury Moves to Fend Off £3.1 Billion Bid by Grand Met 


Ne* York Tones Service response tO the bid bat did DOt 

CHICAGO — Pillsbury Co„ exceed Grand Mot's offer price of 
oving to thwart a hostile £3. 1 bil- 560 a share. Several analysis said 
® (SSJfi bfflion) bid from Grand they believed die bid win be sue* 


moving to thwart a hostile £3. 1 bfl- 
bon (S5 .26 billion) lad from Grand 




Ur 

Fen I! 

Tllal 

Siirii; 


By SHERRY BUCHANAN 

I HMTVX Herald Tribune 

cm P orale 111001(1 of seeking to tarn 
? ,eadere °y «mding them to outward- 
^ camps, where they take miBtary- 

Britiah trauon S' “ being gone one better by some 

real they ^ eocouragiag managers to pursue the 

TenritoriaHJrSy and Volunteer 
Forces, the British equivalent of the US. National 

required to go through intensive, often eruel- 

TAT^^&Er®-" 8314 Colond Tony Ward at 

Colonel ward is the TA’s ~ _ 

audf admiaistrative officer. Ine TA Enhances 

We can provide training at i* • ->> 

no cost to the firm,” besaid, 7°™ seH-OlSCipline 

“dyoor 

better defense.” COUUmmication 

. Unlike m a n a g e m ent train- , 

mg courses whan the compa- skills .'’ 


Metropolitan PLC, has sued the cessfuL but Pfllsbary asked its 
British food and beverage con- stockholders to delay action while 


glomerate in 13 states. 

The suits charge that if the take- 
over goes ahead, Grand Mel would 
violate state laws that prohibit li- 
quor manufacturers from owning 


it studied the tad. 

It represents the largest offer for 
a U.S. company by a British one. 

Pplsbory, a maker of cake mixes, 
refrigerated dough, frozen vegeta- 


a friendly suitor centered on a for- Roger Spencer, food analyst at 
“gn buyer, not so much because of PaineWebber Inc, estimated that 
the weak dollar but because of US. good wffl in the Grand Met offer 
accounting rales that would make would amount to 53.68 billion, or 
most American companies look 592 minion a year for 40 years, 
less profitable if they bought Pills- Foreign companies are not affected 

by the accounting rale, but it would 
Same analysts said they fdtPQIs- mean that American companies 
bury might eventually sol for S64 would have to deduct that much 
or S65 a share, which would raise every year from their eamw) gt 


bury might eventually sol for S64 would have to deduct that much 
or S65 a share, which would raise every year from their earnings. 

the overall price to 55.6 MKon. „ . n v . _ . _ _ 

Pan of the analysts’ reasoning , ““berg. Kravis. Roberts* Co. 
was that Grand Met had told Pin* 9* foremost management buyout 


Pfllsbuiy executives that “yooTJ 
hear from us” 

Traders said that Kohl berg. Kra- 
vis might be too busy trying to buy 
Kroger Co, the big grocery drain, 
to enter the Pillsbuiy battle. The 
Wall Street firm raised its bid for 
Kroger to $64 a share Tuesday, or 
more than 55 billion. 

In a minor that traders found 


deals come along — but were 
quickly discounted. 

The legal move by (be U.S. food 
and retailing group, owner of the 
Burger King fast-food chain, did 
not stop Grand Met officials from 
showing up in Pillsbuty’s home 
town Tuesday to press their cause 
for the bid. 

In a news conference in Minne- 


Katin 

Woid 


“We can provide traimne at • *• 

no cost to the firm.” belaid, 7°™ SfcMKCipllIie 

mg courses whan the compa- skills .'’ 

ny foots the Ml, TA recruits 

?chially get paid according to rank while t raining a private; far 
£14.62 ($24.80) a day; a 

Ine 1 A IS conducting a £2 ntiHion-a-year adver tising MmpMgn 

to change its image from that of a bunch of beer-drinkine 


< us .‘ ma S e from that of a" bunch of be£r-drmk£g WJUrl f ncTct 

— OCCU uosts 

Up to $50 Button 

the large computer company, and a captain intbe Honorable JJUUUn 

Artulery Company. “Tt allows you to work together as a team, jtfflrv Ttd> ]VoP/ifo/l 
enhances your self-disdplme and your communication skflls.” ™v 1 

^ v tij ’ atioi,als > induding ICL, Imperial Cham- copied by our Dvpm*a 

cal Industries, British Airways, British Petroleum and National 

Westminster Bank, give an average of two weeks’ paid leave in WASHINGTON — The Fedoal 
addition to vacation time to managers who are TA members. Home Loan Bank Board said 

Each company has several hundred employees in the TA Wednesday that the cost of bafling 

out insolvent U.S. savings and loan 

O NE AIM of the TA’s ad campaign is to get British chief “Mxiatiras could be as high as $45 
executives to do more, by personally endorsing the TA ^hoo, a large maease from 

and by letting their employees know they support it *** previoos ^ bflKon es timat e. 

, But even enthuaastic TA members say the training is rigorous. The chairman of the bank board, THa AA mb nf a«an.KwHii.. w 

it takes tune away frorojob and family, and it requires a high level M. Danny Wall, said that the high- nffrrrm /m* mrti Tm-nc a • r 

of co mm itment that some overworked executives may not be ^figure reflected new information wnn iexas Air ^ 

wflUng to give. Typically, it includes training in dose-order drill, 00 institutions’ losses in the 

weapons and map reading, and 12-mile (20-lrilometer) cross- *a»d quarter as well as a more n i n t|l | • 
country runs carrying 100-pound (45-JrikMxam) packs, often in accurate picture of the costs of re- ^ ^ lUShlTI 

pouring rain. cent resolutions of thrift cases. l II 

“It’s best to start in your early 20s," said Mr. Bailey of ICL, The revision by Mr. Wall of file 
who joined the TA at 20. “Once you start going op the manage- estimated effect of the massive B- F fim'pr Ronnrfrwff 

ment tree, it gets more difficult because the TA takes a lot of your nandai crisis brings it more into lU/jwinair 

time. Some companies don’t favor it because erf that” Bnewith estimates % otto govern- compiled by Ov Staff From Dismcba 

One personnel director with an investment bank in London ment agencies. The General Ac- ctyvvwh \m c 

said, “Employers should not go out of their way to push execu- countmgOffice also projects a $45 

urn U Butrtissgfarshortofprivatc Cc^fitiswe^is reportedly pust 

A major question is whether leadership skills acquired m the estimates, winch range from 575 m* ahead in its ones? for expansion 
army are transferable and suitable to corporate life. bifiion to $100 Kffion. AroughtalksallntpotentiSroop- 

Most corporate organizations are not democratic institutions. tv hunt ivarri wHrh mmiar« pratirm tinth Alirolia rh* TlaKn 


liquor, although Grand Met has 
said it would sell those units. FfHs- 
bory said Tuesday that courts in 
five stales had already issued re- 
straining orders blocking Grand 
Met from buying its stock. 

PiDsbnry stock rose 51 to 558 a 
share at the dose Wednesday on 
the New York Slock Exchange. On 
Tuesday, its price jumped 51 8 JO in 


U.S. Body 
Revises 
S&L Costs 

Up to $50 Billion 


choice but to accept Grand Met’s 
offer if it cannot Cud a friendly 
suitor. 

The offer would not only give 
FQlsbury shareholders a 53 percent 
premium over the price their shares 
were trading at last week, it is also 
well above what most analysts 
think Pfilsbtny is worth. 

Most Wall Street speculation of 


was that Grand Met bad told Pills- Iona 
bory it was prepared to negotiate ^ DU ^ m 
all aspects of its offer, mrforiing the v offff s 


house in the United States, regular- ^ a _P°® 
k. .. rw... »» _ but I uesd: 


difficult to accept, Volvo AB, the apolis, the officials sought to fore- 
Swedish car maker, was thought to stall a backlash by saying that they 


to serve as a friendly buy- 


be a possible bidder for Pillsbury 
but Tuesday denied any interest. ' 


had no plans for a wholesale break- 
up of Pills bury. They also said they 


price. **■ 

Traders said (hat Tuesday’s mar- But Kohlber 
ket price did not reflect such send- stood to have aj 
mem became of the extremely last summer, wl 
heavy institutional selling. began car colati : 


But Kohlberg, Kravis is under- 
stood to have approached Pillsbury 
last summer, when takeover rumors 
began circulating. Kohlberg, Kra- 


Tbe accounting concept known vis is understood to have suggested 
as good wiD seemed to ctimimue that Pillsbury might think about 


most American corporations as po- 
teatial buyers. 


“doing ii now rather than later” 
and is said to have been told by 


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Compiled by Ow Su^ Prom Dirpouha 

WASHINGTON— The Federal 
Home Loan Bank Board said 
Wednesday that the cost of bailing 
out insolvent U.S. savings and loan 
associations could be as nigh as $45 
to $50 InOioit, a large increase from 
its previous $31 hiffinn estimate 

The chairman of the famv board, 
M. Danny Wall, said ihat the htgh- 
cr figure refected dcw information 
on thrift institutions’ losses in the 
second quarter as well as a more 
accurate picture of the costs of re- 
cent resolutions of thrift cases. 

The revision by Mr. Wall of file 
estimated effect of the massive fi- 
nancial crisis brings it more into 
line with estimates by other govern- 
ment agencies. The General Ac- 



Tbe name of Kraft lbc. emerged were eager to meet Pillsbury execu- 
as a potential suitor but appeared lives to discuss a friendly combina- 
to be discounted because of (be lion. 

good will problem. U emerged after There was much speculation on 
Shearson l-ehman Hutton Inc., one Wall Street that Pillsbuiy would 
of four advisers to Pillsbury. put not have urged stockholders to wait 
Pillsbury on its restricted list. for the Grand Met offer unless it 
The names of Nestii SA and Un- felt comfortable that it would be 
ilever also were suggested — as able to offer them something better 
they always are whenever food than $60 a share. 

Irving Managers 
End Resistance 
To BONY Offer 


C ZS^t^5 ,afJFr T Dupa,Aa **• P** 1 ? 5 sajd t* could not 
NEW YORK — Irvine, Bank comment immediately on the chain 
Corp.. in a surprise move, said of events that led to Irv ing ’s un ex- 
Wednesday its management has peered reversal, except to remark, 
recommended that the Irving it looks like it’s over now." 
board accept a revised, $1.48 bil- v . . 

Iran aW.a offer from Bank o[ Th* Brulk of N „- Wkykes- 

New Yori Co., its long-lime suitor. was mt ™2 riu J ds 

Tic agreement am«rs to draw jwaitablt fo: common WEdm»<Uy. 
to.dSTte^Sr^«; In* "cram sud. 
if. battle between major Ui!. corpora- The surprise announcement 
_ . . _ " ' tions and ihe first such hostile fight canae one day after Bank of New* 

Toe c hairm a n of Sca nd inavian Airfoes System, Jm Carizoo, right, «jp n i ng a major joint venture between two big American banks. ' or ^ won another legal battle in its 
igreeoieiit with TeiK Air Coip. The daimM of Tex* Air, Frank Loreozo, is petnred at left GSj“55TS£lttft 


Mr. Phelps said he could not 
comment immediately on the chain 
of events that led to Irving’s unex- 
pected reversal, except to remark. 
“It looks like it’s over now.” 

The Bank of New York spokes- 
man also was not immediately 
available for comment Wednesday, 
his secretary said. 

The surprise announcement 
came me day after Bank of New 
York won another legal battle in its 


SAS Pushing Ahead With Growth 

Carrier Reportedly Sets Meeting With Head of Alitalia 

Compiled by Ov Staff From Dtyadia tempts to hook up with other major Kkinwort Grieveson. “But Texas 


STOCKHOLM — Scandinavian 


Most corporate organizations are not democratic institutions, 
and, depending on the industry, there are similarities between the 
army and corporations,” said Manfred Kets de Vries, professor 
of oiganizationa] behavior at INSEAD, the business school in 
Fontainebleau, France. 

Mr. Kets de Vries pointed out that the smhtaiy is one of ihe 
oldest leadership training models, favored, among others, by 
Plato. 


(iirrency Rates 


Z~r .. L , . . . a major link-up with Texas Air 

Bui !t is still far short of private Corp. this week, is reportedly push- 
“°8« “o® 575 ing ahead in its quest for expansion 
rnon to 51U0 talnoo. through faltr< about potential coop- 

The bank board, which regulates eration with Alitalia, the I talian 
the 3,000 UB. thrifts, also said it airline, 
would need to extend the special a Swedish business ma gayinff 


earners. has wna£ 

“I have seen, what Jan Cadzon a 

has done with SAS, and without „ 


has image problems.” 

“It’s a high-risk deal for SAS,” 
said Ian Wud, an airlines analyst 


doubt we have a tot to learn from with Barclays de Zoete Wedd. 
him,” Mr. Verri said. “Texas has severe problems on the 

.... ,, ,, Labor-relations front” 

But. he added, “1 prefer SAS 
gnmmtsofSweden.ItennaAand ^ ^ de ^ an P ithoBl ^ 


assessmmt that thrifts pay for fed- The Vetians Affa«, has reported UK * >CI ** U,U10 - 
eral insurance to 30 years from the that the head of AHtaHa/Caxio , ^ the past t wo yean, SAS has 
ament 10 years, unless Congress Verri, w21 hold talks with SAS in “f *** 

comes up with another solution. Stockholm later this month. p; cam ?' Sabena and 

The assessment, on healthy Mr. Verri was quoted as saying b 

drifts, is to meet the cost «tmmle be wauls “to exchange views on Stoter STShJ k SiLh A “ 
<rf merging, rfing or dosmg ap- what ways may beopro for possi- wavs PLC to* over Catedmri™ 


proposal. cnisnmg wow i 

A merger would nearly double (fop ffiVT 
the size t^ Bank of New Yoii, 
vaulting it dose to the 10 largest 
UK banking companies. The two ll/Tra avm 
had $47.8 bulion m combined as- iTiilLOl 
sets as of June 30. 

Irving had vehemently opposed T> _ * _ 
any mags with the Bank of New BCICCl 
Yak since its takeover bid first J 
surfaced in September 1987. T> ~\M 

If firings board accepts the rec- Jj V Iflfl 
ommendation of the chaznnan, Jo- J 
“P h ^ «he bank wfll waive a c <mrMin Ouri 

New Yak State anti-takeover law, 
strike down its anti-takeover de- NEW YORK 
f eases and end lawsuits it had w hich already hi 
h mngh t billion buy-out 

Mr. Rice said he would retire 111001 B*™ K°hl 


pronrimatdy 500 insdvmt ones. We future cooperation,” the maga- 

Savings and loan associations 


‘Bie/reinowd a^od way dosa lawroits it had 

to their goal of becoming <mc of ... . . 

In the past two yean. SAS has Europe’s top five airlines.” Mr. Rice said he would retire 

had unsuccessful nwgcr talks with The agreement calls for SAS to merger was completed. He 

the Belgian carrier Sabena and pay Texas Air a total of $50 miffion ^ been planning to retire anyway 
failed to buy a minority stake in £ ins tallments for the right to by November 1989, an Irving 
^osh Caledonim, losing out in share terminal fatalities in Newaik, s ^ e ? nan , sai l-. _ . , v , 

the lima deal when tensh Air- New Jersey, and New Yak’s John *i nder ^ t f«k oljlcw 
ways PLC tot* over Caledonian. F. Kenney International Airport. wold pay $15 m cash and 


crashing blow to Irving when it 

See IRVING, Page 13 

Macmillan 
Rejects Bid 
By Maxwell 

Ctmpded by Our Staff From Dispatches 

NEW YORK — Macmillan Inc, 
which already has agreed to a SL5 
billion buy-out from the invest- 
ment firm Kohlberg, Kravis, Rob- 
erts & Co., said Wednesday that its 
board had rg'ected a more recent, 
slightly higher offer from the Brit- 
ish publisher Robert Maxwell 

The publishing giant said its 


Ctws Rates 


Amsterdam 
BrassetsCaJ 
Frankfort 
LHiM lb) 


S I 

2.104 15*15 

V.10S MSB 

15653 1159 

UN 

UML» 2JMJ0 


* ,V-V 

U- 14 :•••«. * 

{ c. 


litSb UM5 
AIS9 JMSS 
QJ TtS7 
U82* 02*9? 

02565 2JS742 

07655 Ml 71 


1BJ57 US4J0 

3I0J0 

630 MtUO 

1B7" 

7m MU 

IMM iru* 

IMS L54SJB 
12226 WIM7 


Oidr. IF. 

S »• 

I&5M5 — 

UU» 4771 • 
15485 44.10 

<6TS9 355(5 

HD 3925 
10205 auis 

ast xoc6 
0JS37 41531* 

U» 4U71 
172*4 504777 


Oct 5 
SJ. Yen 
U2» L5732 • 

H2U 02925 
1.T774 U9B* 
UM 234415 

okas wan 

UD5 13225 
400*9 42528- 

8436 

1.189" 

usn met 

3JB4S 17290 


currently pay 21 cents a year is 
regular and special assessments to 


The cooperation agreement with 
Texas Air — the owner of Eastern 


Air Lines and Continental Airiines HneasArgentinas. But that deal has The accord, 
111 States — drew a "inmto trouble in the Argentinian includes provi 


ways PLC todc over Caledonian. F. Kmnedy International Airport. Yak would pay $15 in cash and board would recommend that 

In August, SAS announced a SAS was also offered (he right to ^ f 1 ?™ 5 **5 ° WI1 ? loc i : for shareholders reject Mr. Maxwell’s 

$204 million deal to boy 40 percent buy up to 10 percent of Texas Air’s cac h of Irvmgs Io.9 million com- $2.51 billion offer because it con- 

of the Argentine state airtme Aero- canmon stodr on the open rooa. shares outstanding, plus a mined several conditions, including 


Ctoslnos In London. Tokyo and Zurich, fhclnos tn ottter canters. Nw* York dtsitno rotes, 
a: ConunareM franc; b: To buy ono Bound; c: To buy one dollar; *: units of TP0; N. Ol* not 
MU' AM..- natavaUobto. 

MwrMDarVabHi 

Otrraacy P*rl ■ wraper P*r* Commcr Per* Cwtmkv P«r* 

Araea. austral T200 Ftn-marKka 4392 Max- pas# 739*00 S-Afr.nmd 2493 

Aastml.1 IJW Creak drac. 15075 NZcutarfS U35 savMrakla- 04282 

Aostr.iCha. -an NmXMt 73r»35 thnw 4USS Wa-twao mas 

BalB.flfl.rr. 3938 IncBannwaa 1435 Non*. krona 48M Swatkiww 43845 

Tataraat 2853 
TfKdbaflr 25^95 
Tarttlafl Bra M4&77 
IMS dirim* 34731 
vane*. boUv. 3475 


cents per $100 r^ular assessment 
paid l^r commercial banks. 

Mr. Wall said that Congress 
should consider a number of op- 
tions before asking American tax- 
payers to pay for a thrift bailout 
The bank board’s new estimate 
was contained in testimony pre- 

See THRIFTS, Page IS 


analysts and a hostile reaction from 
some SAS employees. 

But the link-up is believed to 
have made the Scandinavian carri- 
er a mare attractive partner. The 
president of SAS, Jan Carizon, has 
said be aims to make SAS one of 
Europe's five top airitnes, but until 
this week SAS has failed in ai- 


tion has anerged. 


xk on the open market. raosi sharc ? emtstanding. plus a mined several conditions, including 
rd, signed Tuesday, also wan ? nt $5 toward the invalidation of a “legal and tending 

ovirions fa cooidinat- P™ 1 * ,°L®? nk ^ New York contractual obligation” with Kohl- 
ting, reservations and taserson Phelps, an berg, Kravis, 

systems, and the com- 


Irving spokesman. 


A spokesman for Maxwell Com- 


B — O . . ]> v. . jyw Miin i ii IUI nuAHUI VA1UT 

Many analysts said SAS made an pantes will es t ablish a joint training *r e s ~r en ~ e aeaJ was va % muni cation Corp. said he was sur- 

(TVtrranf IimVlWnsh tti wm- TJTORram fOT airfinc WOtkcrS. “ Y«8.42 X Share, OT arOUnd nriseri hv tlip mn^tinn Thmv him 


important 
ing as poi 


“It’s a very good arrangement 
from a geographical and strategic 
viewpoint,” said Brian Knox, an 
analyst with the London brokerage 


gb in secnr- program fa ai ri i n c workers. 

5y as Texas Texas Air. in turn, said it might 
buy a stake in one or more of the 
o rrnn jLr niin i companies that has hdds pari cf 
the private half of SAS. 

SrSTJ Tt* of a finanriall y 


Sec SAS, Page 13 


tTAv Jv ZT prised by the rgection. There was 

than 5200 mil- n0 immediate comment from Mr. 
^ P/^ I0 “ ^ Maxwell, who was attending a po- 
Yoft Jirical party conference in Black- 
That offer included the same p^i Engliid. 
amoont of cash, but contained .. 

slightly less stock and did not in- Macmillan stock rose 25 cents a 
dude the warrants. See MACMILLAN, Page 13 


Corraacy Pori 
AreoB.outfral 1280 
AastmJ.1 7.264 
AostT. iChfl. -OJ06 
BolB.flfl.rr. 3938 
ImDcra. W4* 
CoflOAOBf UD9B 
atamW 3J22I 
Daaicti cnene 7.143 
ErnM.aawKS Z3T29 


InK-rwUl 175XLBO 
Iridic 06949 

ImtHdHk. 14375 
Kmratfl dinar- 02891 
Motor, rtao-* 2484 


Camocv Pare 
Max. Paso 2290X10 
N. Zeoksnd 5 1235 

Nta. naira* 43333 
Norw. krona 4894 
PMLBesa 21.10 
Partasada 15175 
Saudi rhrai* 17512 
SIob. 8 20383 
s Kar. won 7T4J0 


Fears Of a Worsening Glut 
Send Oil Prices Tumbling 


America 


Weekly net asset 
value on 


it a 


A Kw York rotas unfvi marksKl * (local rxstcj 

' fa f wrf Bates 


Pawnd siortktt 3 lwm 14841 14819 QooqdKxi flatter Una urr3« urn Wednesday on fears thax ihe gin! m 

Japanocaran 13292 0257 13206 Swtolraac IS763 1-54W 1-5637 markels could worsen, with No- 

DootsdM morn iasB us* 1.B4M vember futures losing almost 50 

Sauron: Indosucr Bank (Bnasotsl: Banco Cbm am mab Uottana (Mlfan); Benue Hotfoots* <c on *he Mfxamnle 

(ParHJ; Bank Of Tokyo (Tokyo/.- IMF CSOR); BAH (dkiar. rfyot dimorol; Gas*** » Oarm OH toe MercanUte 

(ruble/. Other data from Reuters and AP. CXCMngC. . 


Compiled fy Our Stiff Front Dispatches 

NEW YORK. — Oil prices ex- 
9auil „ ^ tended their recent sharp dedme 
13736 ui5i Wednesday on fears that the ghztm 
1^699 1-5637 markets could worsen, with No- 
vember futures losng almost 50 


Exchange. 

At die dose of trading in New 


pflote la a market seemingly besieged 
ices ex- by bearish news, prices were affect- 
dedine ed by several factors. Among them 
jghttin was a rumor that Snbroto cf In do- 
th No- nesia, the Secretary-Goiera] of 
tost 50 OPEC since July 1, had resigned. 
Ecantile This was denied by KemalSaiki. 

spokesaaa for OPEC, in Vienna, 
in New Anotho- rumor, that Nigeria had 


urowtn n* 1 ** 

Rmd ““ 

Listed on the 
VpHwi Amsterdam 
TJ b rf iiii V i . Stock Exchange 

informaricn; 

Pierson, Hddring iSt Herron N.V 
Hwengracht ZM. 1016 BS Amsterdam. 
Td.+ 31 -20-211188. 


biten'st Rates 


York, West Texas frtlennediate, deeded to leave the 13-nation car- 
the benchmark U^. erode oil, had td, was also (rffidafly denied, 
slumped 47 cents to $12.60 per bar- Meanwhile, Norway threatened 

rd for November delivery, a new Wednesday to drop production 


r i 


low since Angnst 1986. 


curbs it had put in place to support 


Donor 
Imam 8*4* 
2 months SW4W 
Sinuntti BDaStb 
ainuqWn BHrSih 
Inar WcW 


swm Franco 

D ttirt Fnsc SWUM Franc 

4htr4«i 3flr3 9W 11 9W-12 »W IW« 

4*r4hV 3W-344 U4W12IW 7*-?* 

Sh4«k nsa-aik 

SVh-SV. Vi*&k llkrOk 

39h39h HWll* 8 WrBhi 


ECU SDR 
7W-nk M 
7Hr7* 7 
TMV> 7M 
7hr7V4 714 
7fr» 


Sturm, fltowr Guaranty tOOHar. 044 Sft ftnwt tm>; Uont Bm* (ECU!: fttuta* ?1 l fi0 Tnesday. 




Ol kamrtxnktttfXBtuaf St mBUonaOntPum ftriwXkfll. 


In London earfier, spot crude oil OPEC, if the cartd failed to stop its 
prices tumbled by 40 to 70 cents a members exceeding output quotas. 

band. The cal and energy minister, 

Noth Sea Brent Blend, the most Arne Oden, said that OPEC most 
widely traded erode, fdl to $1120 restore disdplme after a foD meet- 
per band for prompt delivery at ingofitsl3almmisteis,sdiednled 
the dose of European trading: from to start on Nov. 21. 

$11.60 oi Tuesday. Also contributing to the weak- 


■ *r- s - 


KeyM^fUM Oa.s 
aagaB awm pnr ‘ 

Olunos* ns* ‘ft *2 

PrlmraM »» “ 

fowf to** Fb ^ 

Com manor ft-UV flora 730 770 

>mtlk TiaanrrMfli ^ VF. 

6«wttTna*rr MU W l* 

340004* CD 1 * ^ ** 

kanen M 


i5n6 45714 
45716 <5716 


M k * r "' r 


P to —l ra N 
tdamr 
Xraota Wortaak 
locoltl tO Mltmt* 

UMOrnttw 

UKNflnta 
LamOcaflRrfC 
OankHnli 
n^floMitatanw* 
IwwklriifWn* 
4aMflk) hrfWMflk 


BatfCboiaraik 
OdMMi 
. 3mMbMaHM8i 


’ Womtian* 

‘ Cafl manor 
iHoaonMomBk 
law nm iimkw* 
' i aia wi i l a la rW* 


Ari— B a Bw Btfwta 

OctS 

I moot* 8H>-8K> 

lowdta 8I4-894 

Imofdfas M'S* 

(Rwnltu an.-8<n> 

1 roar 644-896 

Socroa: neuter s. 


PA Mwy Htftetlhdb 

OclS 

Merrill Lran RomIV Anch 

3Msr avaraaa now: 771 

ratwtfowionW Row index: WHO 

Source: Mtrrttt Lmdh Tolerate. 


Gold 


HoomlCm 

Ln j waV>°« n V . 
parts 025 KRa) 7S9JB 
z rt* 

§ en dml Sf7uS 

new torn — 


OclS 
arte 
— 050 
+015 
-IJ08 
— L® 
— 3S5 
+186 


mxmmooure. Parts ontf _Lontte n««g^ n* 


mt 'mm 


Analysts in New Yak raised the ness in prices was a report issued 
possQrinty of a price crash match- late Towday by the American Pe- 
mg the one in 1986 as futures prices troknm Institute, which showed a 
glissaded through $13 per barrel. S3 nriUkm barrri increase in U.S. 

The sharp falls were prompted erode cil stocks, 
by reports of heavy ou tanker And in Paris, the In ternational 
bookings out of file Gulf, which Energy Agency said Wednesday 
fueled fears that Golf menbers of that world crude oil supplies 
OPEC, notably Saudi Arabia, had reached 50.8 millio n bands per 
no intention of reining in produc- day in Angnst and Srotember, the 
tion in the short term. highest level since easy 1980. 

Saudi Arabia, the biggest ofl ex- The 21 - natio n agency set total 
porter, said Monday that it would output by OPEC at 19.S mQEou 
not freeze hs output whSe other bands per day in Angnst and 20 
members of the Organization of million in September; the tinrri- 
Petrolenm Exporting Countries quarter average of 19.6 million bar* 
were violating output quotas man- rds was up 1 million barrels from 
dated by the cartd. Apriklune. (Jkursrs; AFP . AP) 


WE DO NOT SOLICIT YOUR BUSINESS, BUT... 

Are you a BUSINESS TRAVELLER or in change of the BUSINESS 
TRAVEL of pur corporation? 

Do you know that you can SAVE AT LEAST 10% pj. on your travel 
budget without changing any of your habits at all/ 

We are not a travel agency mid we do not solkat your travel business. 
We can however show you how to make these savings. 

If interested, pieax ante ot phone; 

TAMAR CONSULTANTS, 43 Bid- Gta rgoP yroa, 

1204 Genera (Sw&aEhnd). 

Phone 41£&2D 30 22 - Fee 41.2L20 71 46 


'Weekly net asset 
value 


Tokyo Pacific Holdings N.V. ( 

3-IO-1 918 US. $215.63 

Listed on rhe Amsterdam 
Stock Exchange 


IrrformaDL<n: 

Pknon, Hcldraia & Piersixi N.V. 
HervnRrathj 214, 1016 BS Armenian. 
Tcl. + 31 -20-211188. 


DP 

EneiKV’ 

Resources 

Growth 

Furki 


Ufeekly net asset 
value on 

309-19B8&& faiso 

Listed on the 
Amsterdam 
Stock Exchange 


Inlomunun: 

Rcf^tn. Hel jring &. Pierson N.V 

Hercncrrn:hc 214. 

1016 BS Aniswrdam. 

Ty.+ 31-20-21H88. 


WOULD 5TOae5MREVSW 



Designs on time 


Individually made with a degree of skill and care that belongs 
to a former time. Corum Watches cany design into the 
future. 


The Admirals Cup epitomises this with unusual twelve- 
sided case and the original decoration of enamelled 
nautical pennants denoting the hours on the watch face. 


CORUM 


For a brochure write io Comm. 2301 La Chau»-dc Fond^ Swuerland. 







Page 10 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6,1988 


NYSE Most Actives 


Hfefl LOW Lost CUV. 


58b S7V. 
a% 2S 
59 58b 

3 4% 33 
40Vk J7% 
3 2% 

90VB SB 
701* 491* 
im 18% 
30b 29% 

m* ims 
a) am 

53b H 
27b 37 W 
am 35b 


58% +1% 
34% +1% 
554 4-3% 
34V* — % 
40V* +3% 

3% 

88b -4 

70 

19 — ta 

30% + % 
I9ta + % 
30% — ta 
53% -3% 
27% + ta 
35b 


I Dow Jones Bond Averages] 


BOMB 

Utilities 

industrials 


Market Sales 


NYSE 4 sun. volume 
nyse prev.eam.aose 

Amex 4 cjn. volitrw 
Aimi prev. cons, dose 
OTC 4 ojn. volume 
OTC orev. 4 pjn. volume 
NYSE volume up 
NYSE volume dawn 
Amen volume up 
AfiKx volume down 
OTC votume up 
OTC volume dawn 



NYSE Diary 


Advanced 
Declined 
Unchanged 
Total Issues 
New Highs 
New tow* 


dose Pm. 

864 638 

574 778 

506 524 

1944 I960 

38 29 

94 17 


NYSE index 


Hieti urn dose am 
COmooslte 15384 1*7X5 15343 +049 

Industrials 1BSXJ in» 18432 +0M 

Tranw. 14187 1*77 14180 + 053 

Utlllrtes 73.14 ,7172 73.14 +045 

Finonee 134.18 13348 133JV +032 


Odd-Lot Trading in N. 


Bov Sato 

OcL4 191*7 SI'S 

Oct. 3 170818 4J3442 

Sept. 30 348839 525JU 

Sapt.29 350482 4B478 

Sent. 28 181.984 409469 

tot IS 20M99 404.159 

'Included In ttie sales figures 


Wednesd ays 

Closing 

I'ia The Associated Press 

! Dow Jones Averages 


Indus 309482 211984 308283 21C6J1 + AfS 

Trans 9I3JB 92139 90771 91881 1- 547 

Util 181.90 1BW8 181.13 1*20 + 184 

Como 70371 S02J24 78887 797.95 + U6 


AMEX Diary 


NASDAQ Index 


Advanced 

DKEaM 
Unchanged 
Total issues 
Hew Mans 
New Lows 


Composite 

industrials 

Finance 

Banks 

insurance 

Utilities 

Tramp. 


Close art* AM 
38482 +081 38388 

335-031 38149 

474JM + 1 45 44943 

45384 —085 45*26 

43283 + 189 CW3 
47181 +JM 465^ 
39048 +221 »MS 



Standard & Poor's Index 


MM Law dose CM 

industrials 31288 30987 311.90 +1* 

Tramp 71133 21888 21884 +183 

Utilities 11184 11084 111J2 +084 

Finance 2584 2577 2588 +002 

SP5W 27285 270X8 27184 +12* 

SP10C 254.59 35487 25880 + 071 


NASDAQ Diary 


TasAIr 

ICM 

Amdhls 

BAT 

wansB 

Lkmei 

TIE 

MSI D7S 

TlmCCO 

DWG 

CarnCr 

ecpoSy 

Etsmar 

McCtan 

GAL at 


, IIW LOSS CM, 

14V, 14% + % 

sn *ta +1 

av* 18% -ta 
m 71 * * % 

•le 9% + to 

SU IX + % 

11* 1% — % 

22% 33 

|» 13% W ** 

•% 4% + Ik 

in -* 

14% H — W 

"ft I - ta. 

14% W', 

14 MW + % 


Advanced 
Declined 
unchanged 
Total Issues 


~aa A gx Stock index J 

HM LOW CM* CM"; 
299.97 2*8.64 MM7 +*» 


Tables Include the nationwide prices up to the closing on Wall Street and do not reflect Kite Trades ettewber*. 


12 Month 

Utah Low Slodt 


mu.YM.PE MKHtfiUm Quot.Ortie 


NYSE Posts Moderate Advance 


RMOdtl 
Han Law Slack 


Ste. □«* 

DW. YIA PE BBiHMtlJW Peat-OToe 


II Month 
MW Low Siadi 


Sis. Cta* 

Hu. YM. PE Jfffii IMLW 


27% 1* AARS 84 18 
1011 9% ACM n 

12% 8% ACMin 184oll J 
12% 10% ACMScnlJ6 II 7 
10% 8% ACMSPP181 U.l 
28% 10% AGS 
7b 2% AMCA 
7% 3b AM MH 

17 AM int P)2J00 98 
57% 24% AMR 
27 25 ANRpf 167 113 
34% 19 ANRpi 212 88 
10 5b ASX 
70% 35b ASA 380 7.9 


M 18 19 349 26% 25% 36 
4t 9% 9% 9% 

.26011.3 579 11% 10% 11% + b 

46 IIJ 425 11 10% 10% - ta 

01 11.1 271 9% 9% 9% 

21 127 2SH 28% 28% — % 

2 3% 3% 3% — % 

1776 SX 5% 5% + b 

iflO 98 14 22b 21% 22b + % 

10 4531 49 4 4% + % 

L67 1U 4 24 26 24 — % 

Lia 88 1 » 24 24 

IT 71 7% 7 7 — % 

180 7.9 387 38% 37% 38 — % 


United Press InlemaMnaJ 


Joseph Barth el, director of technical strategy 


17b 16% FA1 Iran 
22% 11 FGIC 84 
59 34% FMC 


40 14% MH TAX — X 8% 4% HmFB 
4 8 154 19% 19b 19b— b 187% 78 Honda 
12 452 34b 13% 34% + % 83 49 Hanwtf 


gains Wean 
York Stock 
movements 
overs domii 


87% 78^ ISS &H * 

83 49 Honwdl 2.10 U 17 754 4« i!^ 43%- % 

%»’ ^.800 13 13 at 4s IS 43 

is \ assr * J i? P t 


B4 44 4P; *3% 

4 7% 7% 7% 

11 » » ft 
H B j 2 


79% lib HOUlnv 280 1BX ” 13 fj| IT* US jg** + % 


3 - X 
42*1—1 


22% tVi AVX -12* 8 12 244 1>X 18% 18% 

&T% m AMLOb 180 28 15 5834 47b 44% 44% — % 

i6% *8% aStJSc° ’38 48 iu t" 8% a% — % Advances led declines by an 8-5 margin rammg. „ i so% 2 »w SJifS. ,- 2 H IJJ t 5 

3* A S£S* E " SS dx i3* .5% + * Volume on ihe ] Big Board Staled abomX ^ the early m SSSSSi^SS ' K 3 ggr 2 « 1 K S £ l « 
24 % 7 % amd 4084 9 8% 8% — b w _u_—_ ' .i. .no _ni;™, than 4 Doinis and Digital Equipment tumbled . 24 S 11 f»jpb * 84 13 7 2324 m, raw tp% + % 

“° “ + Sri more tim2 points. The stocksremained under ^ ^ g 44 « £ 

ir^ajSS? 'S'S,, d 'K '13 'K!=8 1 ^ p hA h... preKure at mjdriten.ooa. . . 52 BS SS“ 2 M S ,2 §2 |* * “ 

ta S3 sas. *s h ■ ^ sa ss §a + * ^ S^STuarc^gwi^Dow "ne ^ i p-sss ss -’girt-# 

S S*SSS* ” “ " H S 'JS ?* 'J5 had reversed itself and tumUedaLout 13 points spe^auahms TtoswherelhehotmoMyB =_ 'Jg ESS , |'g jS ™ j.1 j3=S 

t SEki ;• 1 C % i:: 2 SS 5 i.-jTrs-.ry: S 1 IB 1 1 5 4 1 S 

ww 76 W aiopS b .%108 «£ V& K2 S%-i% aftemocHi tradin&The modest gain came in the rc ?^ f ? ri ^ t ^^ufairivimDortanL"Mr ' ^ 'SS s ™ ’JS s* 

87 77 AiaPot 828 10.1 iooiB 2 k k +* final half hrsir “The Fnday number is rainy impotuni, mr. , m. ju fc«w s g » s% 

SdSBSS?SSxt; an over the map tat in a Barthel said “It wffl either con&m the Aug^ | g* JL gHg » » • sl£l^ + S 

«xa»g& i iSB aSxSSS narrow range,” said Trade LatimS. a market number, which sighted a modmoonra Ae | p « ■ « gx 55 gg + - 

R Rl BS SKS2 ff*ia analyst withJosephthal&Co.'This is a wildly wo™* « shew the economy to be still ro- ( g*. a ffbpjbiS g “ S f5 |- P + » 

SS l’lb wS5S 180 X 7 19 22 % vt IT* + 1 % speculative market, dominated by ramor stocks, i 1% ff5f? ^8 “ + 2 

S 34% Ail^r ^ Sb 61 % 42b + % But undemealh all the wild action in the rumor The market fears that if the September data j ss% os Fimj% xn u tvi sox *9% »u + % 

ls% 4 “ * H s +g stocks, we did see some real buying going on.” — recently the most influential report in the ■ ^ a* ’ ngy mb .. . Bip-ifta*., 

Sb 15 % Aiauld prC ^a U 10 IV 28 % 2 >b a% + % Despite the concern over the next report on setting of Federal Reserve policy — does not j «£ ES8S 

^ "J^g *" 7J, ° wi»?5bii%t% unemployment, Ms. Laumer said “traders in confirm a moderation m the economy, upward j ijb fsjuc l3 e ^ imu it% + % 


dming,” 


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Industrial furnaces... 

uso less fuel with AmeleVs 
electronic system that pre- 
cisely controls fue' 3«r mix 
and usually pays tor itself - 
within lour monlhs 
For current reports, write 

AMETEK 

Pad', Pennsylvania 19301 


tiiv 

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They don't need a reason." 


PiUsbury was the most active issue on the 


Broad-market indexes also advanced. The NYSE up 1^4 to 58V6. The stock jumped 18 
New York Stock Exchange index rose 0.69 to points Tuesday after a surprise S60-a-share 
153.61 Standard & Poor’s 500-stock index rose takeover bid made by Grand Metropolitan. 


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1.24 to 271.86. The price of an average share 
added 15 cents. 


Union Carbide followed, gaining ] to 26ft. 
Kroger was third, up 3ft to 58ft. 


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146 9 8* 9* 4 ft 

179 13ft 13* 13* 4* 
237 10W ID* 70*— * 
412 29V 28* 28*— * 
50 20* 20* 20* 4 * 
68 19U 19 19* 4 V 

262 25V 24* 25U 4 * 

1 49* 49* 49* 4 U 
29 10ft 10* 10ft 

3 SV 5* 5ft 

9 11 10* 10* 

1471 Mt — 

10QZ 12W 12U 12W 

2 5ft 5* 5ft— * 

29 70* 70V 70* 4 U 

1231 35V 34V 34*— U 
17 5* 5V J V — ft 

125 11* MV 11V 4 ft 
lft— ta 
15 — U 

544 31* a a* + u 

3 6* 6* 6ft — * 

47 9ft 9 9* 4 ft 

149 17* 17V 17* 

322 13V 12V 13 4 U 

53 28 27* 27V 4 V 

992 56* 56U 56V 4 V 
15 3D 29V 29V 
463 51 U 49* ST W +1U 
1631 3ft 39b 3ft— ft 


9* 7U 5UHMpf 1.19 1X8 22 8* Bft 8* 

25* 17 SunTrst 68 XI 10 1220 23 2ZU 22U— U 

25* 16 SvPVohJ 60 X0 15 325325*24*25 + ft 

27* 9* SvMTce 17 1334 17* 17* 17*4 W 

14* 7* SyraaCp 11 7 lift lift lift— U 

45V 23 Svnfex 160 13 16 3272 39U 38* 39U 4 V 

33W 27* Sysco S3 620 57235* 34* 35 4ft 

9* 3 V 5ystlnt J0a 23 20 99 9* 9 9— ft 


13ft 6U TCBY 
8* 5* TCW 

81 53 TDK 

26ft a* TECO 
9* 5U TGI F 
10ft 10 TtS n 

25ft ITU TJX 
20V I7U TNP 
66 V TRW 

25V 9U TWSvc 
3 ft TocBt 
22ft 9V Tolley 
66* 44* Totnbd 
37 12ft Tandem 
56V 28 Tandy 
18V 9U TehSym 
36U 20V Tektmx 
2ft IV Tetcom 
20 MU Tel cm n 
382 242 TeW 


2m M 
26* li 
68V 
10V 


Tekiyn 
Tetri 
TeiiTex 
Templi __ 
TmaGln 3* 
XM 


JM J 18 163 12ft 12* 12*— ft 

64 107 304 7*7*7*41* 

62s J 56 61* 61V 61*— 3U 

162 66 12 3858 23* 23V 23* 4 ft 

20 19 9U 9U 9U 

409 10 10 Iffl 

60 XI 17 129 24* 24ft 24ft— ft 

167 76 4 38 19* 19V 19* 4 ft 

160 36 11 590 46ft 45* 46* 4 ft 

.10 6 a 4193 25* 24* 24ft 4 W 

738 ft ft ft 

JO XI 160 14* 14 14 —ft 

1.92 36 15 196 54* 53% 54V 

15 1677 W* 14* 14M — ft 

60 16 12 6288 42 40 42 41 

II 87 19ft 13V 1398 
60 26 262 a* 20ft aft 4 ft 

12 1* lft 1ft 

67 16% 16ft 16ft— ft 
59 329*326*329 +2V 


460 


62V 36V retina 
36V 12 Terdyn 
15* 7* Tenure 


11 
M 

— U 13 
1.15e XI 6 
J2 10 16 
64 16 » 

3 


5339 22ft 22ft 22*4 ft 


16ft Teeor Pf -541 


26% Texaco 360 66 12 

. . i-iV ToH 
44V 25* Texlnd 

3M6 a% rSpa?’ 

3 i% rar 

(0* 9ft Texflpf IjOO 106 
9V TexflptB 
17U Textm* 160 36 
41 W Textr Vi 260 X7 
4U Thoi* 
sou I2U Thai n 
23* 10 ThiWEl 18 

63V 41V ThmBet 164 X9 14 
34V 13% Thomln 68b XS 13 
23* 8* TturUUed 60 16 13 
11* 9 TMAM n 1 JO 116 9 
22ft 10 Thorind .17 .9 10 

20ft 3* Thorite 
4 Tldwtr 


747 15* 15U 15* + . 
1376 52* MV 52*4* 
662 «* 9U 9U— * 

7648 48* 47V 47ft- V 

111 M 13* 14 

w T«ESS + * 

^ 

160 19 16 868 25V 25W 25V 4 ft 

60b X3 41 35H 34% 34V 34V 

33 16 13 5909 39* 38V 39W— V 

60 1J 45 I 30* 30* 30V 

268 104 616153 27* 37V 27* 


38% 22 VF Co 64 26 11 4633 98* 29* 30 4 V 

MV <JV VaiBiJ .ioe 16 36 1277 9* ftb Oft 

9» 4V Valare 3639 BV 6* W* 4 W 

27 22* Valero! 364 1X5 9 25* 25V 25V 

25V 15V Voter nr 266 96 1074 saw a* aw 4 % 

25* 16 VoiNG 250 142 23 652 17* 17U 17ft 4 ft 

3* in Voter In 10 34 2U 2U au 

a* 13* Vcrtora 60 U 11 77 17* 16% 17 —ft 

10V 9ft VKmpn 115 10 9ft 9ft— ft 

7W m Vorcn IB Hi 114 » 

39 1BW Vartan J6 16 69 242 27* 27 27* 4 ft 

3% 2 VarJtv 9 1531 2* 2* 2* 4 * 

2SV 14V Varitv PMJO 66 102 19* 1*V 19ft— ft 

S lift Veers 60 XO 18 404 1» J«b 19*— V 

13* lift VeatSa 1J0D9J 4 13 12ft 17ft— ft 

6* 3V Vastm 57 4 » 4 

87 73 VoEPpf 7.72 97 150= 80 78V 80 +1* 

85 71V VaEPof 765 97 Shift 7«. 7rt.-». 

32ft 14 Vlattay 601 27 IS 133 30* 29* 29*— % 

61 20 VtetaCh 60 9 71 16M 54U 52V 54 41* 

12 a Von* an 10* 10* 10* 

1&1V 74 VooiOd 37 12 1MV MOW 100V 4 * 

158 95 VukM X92 26 12 6 152 iaV152 41 


W 


— u 



12* 12* 4 V 


30 


26U 7 QMS 

3* ft Qtmtef 
58 31* QUOkrO 1^ 

27* 12% QookSC 60 

14W 4W Quonax 6J 

105 49 Quuntm 330 

10* 711 Q*tVP 160 96 
9* 4% QPVC 77* 

38% 26V Questar 168 56 28 
23* 10 Qk Rally J4a XI ■ 


13 230 7% 7V 7* 

2 187 ft * * 

XI IS 3768 57* 55U 56 4 V 

46 36 2935 7M, 19% M — 

6 II 156 13V 13W W% 

27 11 2290 101 99V 100% 4 * 

245 10% 10V iBft 
138 8V. 8 t — ft 
94 32ft 32V 32ft 
158 11* 11V lift + n 


IT* 34V RJRNb 270 46 11 54M 56U 5SV 55*— V 

12S 111 HJPul 11^ 1X2 wl , iii2 1 l7 Vi, llV t U 

II* 4ft RLC ■“>■*? *% ’US; ’Ju, 'J&l S 

MV l RLLCP ■“ 43 j, g n " - 

20 * % 19 

16 M 749 BOV 7Wb 80ft 


RPC 


6ft - — = 

3ft Radlce 
B3W S7% Raft Pur IJ0 
10U 4 Ramad 
6V 3ft RonorO 
S4W r»ft Roycrn* 74 
17* Oft RjamFn .M 
a* 14* Roww 
11ft 3W RoW g 
.83* 57W RpytMi 
4 

AV 
-19 
15* 

10 * 

18* 

2U 
7\9 


— * 


45 
A 12 
17 13 
260 1X0 7 

JJ5a U 54 

]M 21 II 


9* B* 9W — V 
5V 5U S* 

43 42* 42V— * 

9* 9W 9ft— W 
20V 19% 30 
3* 9* 3* _ 

7S-. n XL 7, * + % 

ft ReodBl^ S' 2* S - U 

,>2 S^?T PfA lJ4 7 9 15 35 17 16ft 16ft + * 

’IS SE&a 18 M3 6V 6* 6V 4 U 

6* RecnEq .. MO Oft 7 9* 

5U Rad™ # . .5*3 11 inas 11 + * 

7 Rn t»k JO 2J 7 1295 11 11^ + w 

gWf I j, M 6V ** *V 4 * 

s .s’ss'sa'Kts 

hiWr*xi%vzf z: 

J7_. tochTI ’S tS* 9% M* + U 

Di 34 334 39W 19* 19ft 
?3 I 2 J35 27* a* 22 4 * 
16994 12 7ft 7% 7ft— * 

U 11 264 34* 34* 34V 4 U 
“lilOS? 22V 32* 32V 4 ft 

g g sib i« 2ss aa- s 


\ 

>•» 

sa 

25 

467 

890 

1295 

165 

80 

40 

155 

ii 

3841 


lift 5* Refc«v 
Ml! MW RffcCtr 
54 14W Rocked 

«* 4ft Rod Ran 
43V, }a RoMoo* 

35* 12ft gow;_ 4 

IV* 9* R#B»E * 


J6 

fl 

M2 


144 18V 17* 17*— ft 


ssi&isr. s 

.. — 7 4918 HSftlOMhltB 

’S 'k 'SV! 

sjffiiass 

33 nu 19V I9U 4 ft 
« _ 240 15* 15 15% + Wt 

« 2J li 5151 26V KV Mb— * 
a 4j U 133 29V 29ft 29W — H 
eg 36 7 317 Mft 14% 14* + % 

1.17 1X8 »< 


H, 3* Rowan 
130% 94* Roy> D , 

IJV 5 Rovinl 
•* 5* 5f*2. 

jiw it Rubmd 
38* 17V g“«?7 
19* 11 

18V IBftgSSS 1 

J8U 20 ByOer 

JtV 17* gvfcjH 

yi, 31 Ryiond 
to* 7* firmer pfi. 


7349 6 9 
.160 1J « 
J2. 26 ^ 
J8 16 3g 
60 11 ■ 
60 4JS 20 

3* 16 I? 


7* I 4 * 


L 


7, 11 1867 32% 32ft '32% 4* 
5 88 7% 7* 7ft 4 ft 

11 >5 .3 

2J 17 IS! 


sm SCEgt -^e 5 -ffi 7% 

1317 5 SCOR U -lj* 97 BV 8ft 8%— % 

^4* 

l.oJelXD S 

JO >.1 V 
1JMU 
1J0 xs 9 


21* Sol I Kk> 


“j? iT% iJS m t ft 

57 is% lift lift + ft 
17V 26* Z7V + V 
a • 8% Bft 

190 a% 2iv ?LftTS 

521 II 


1*% 

391* 

>^> « v & im «■ iw. + % 

r 4 r-i» a ojissa^ift^rs 

h BSg» «I ^ I 

3J* 23ft 206 242 1«* )4 

t ,i n ^ r 

&?S2S5WFiS’“ ‘ ” " n - w 

tft 


savin 

ij* S 5«>w*!ii 


1033 

14 

5 

10 

481 


9* 
4* 
3% 
3 Hi. 


9*— U 


9V- 

3ft 3%- JJ 

W Jft 


savn&B 60 >76 

s* Schwb 


160 

62 

60 


S 2S 
8 


43 14V T Hinny 

17U 5* Ttaerln 
117V 65* Time 
51* 29 TmMIr 
*1W 21* Tlmtaib 
6* 2* Titan 
29 13* Tokhetn M XI 12 

19* TolEdPtX5Te116 
33U TatEddf 361 11.1 


l 


5 

10 1. 

~ «■-** 

15 7* TV 4 U 

n 1% ss ir 

182 48W 47U 47V 
116 23U 23 

19 a* a 

»• 10% ^ 

7 12% 

20 4* «U 4* 

52 6V 6ft 6* 

319 48 S* 40 
1881 13% 13V 13* 4 W 
9 24 2002 1T5W 111*114% +2% 
26 IS 719 MU 31V 32 4 * 
U 21 4M 31W 30* 31V 

10 2 * 2 * 2 *— * 

115 22V 22* 22* 

28 ZJ 22* 22* 

5 35* 35W 2SW 

1 a% 21% a* 

6 20 30 20 

5 a a a — * 

MX 5U 5 S'* 4 V 

144 10 9% 9%— V 

33 a* 31* 31* 4 W 

422 a* a av + * 

100 98* 9TV 98* + V 
75 15* 18 1SU 
74B9 3* 3ft 3U 

387 43* 41ft 43U +1% 


18 


25ft 20V ToJEdPf 2J5 106 
22V 19U TelEdpd 2J1 IU 
22W 19U TolE OdlBU9elX9 
9* 4* ToliBra 
20 7* Tonka 

36* 20* TootRI 330 3 
33V a* Trchmk 130 36 10 
105% 98* TrdhPl 8.15a U 
24% -11* Tara 48 26 10 
3* lft Tosco 7 

44 M Toscunt 237 IS 
40V 72 TovRU 23 2226 39 30* JBk- * 

12 7U Tranwl 166 144 292 139 8% 8* B%— V 

37% T4 TWA 371 95V 34% 35W 4 U 

17* 14 TWA pf 365 146 37 15* 15* 15* 4 ft 

44W 22* Transit, 161 5A 7 1025 35ft 34* 15ft 4 U 

36* a T ranine xzao Mil 4 24 23% 24 

14ft 10ft TmCdae 68 66 61 lift 10% 11 +ft 

10 4% Trracop 6 » SV 7ft av + * 

39 18 TroniCO 1J6 46 292 33 32* OTk— ft 

49* 37* Tntsc pf 465 96 12 48% 4» 48* 

10* 4% TranE* 68 14A 128 6W bft Jft 

4* 2U Troracn 35 9* 9* 9* 

30 14V TmsTec 68X7 9 30 IS* 18V 18* 4 U 

46V 3D* Travtar X40 X9 63 2492 3SV 34V 34*— * 

33ft 20* Tricon 4.49*21.1 281 21* aft 21U 

30V 27* TriCn pf X50 86 4 28 28 28 

49* 29V Tribune Jt 1.9 18 974 40 3M0 40 4 * 

- - a uura jntata Wk + t 

64 X1 12 186 27* 27W 27* 4 U 

3 60 t5U 15* 15ft 

,10b 6 10 300 13V 13W I3U— ft 
9.9 29 20V 2BW MU— ft 

74 11 143 51 52V 53% 4 W 

46 11 276 8V BU BV 

26 10 5 27* 27V 27V , , 

J 19 2461 37V 36* 36U 4 V 


37% V4W Trtntv 
43% SOW Trtnovo 
17* 6* TrtfnGs 
23V 11% TrilEng ... 
27* 18* TritE Pf 200 
59% 49W TucsEP 190 
13* 7 Tuttex J6 
33V 17W TwtaDB 60 
3JW 15* TyenLb 64 


11* 5* Tyler 


440 66 4 105 7 5*7 4* 


U 


105% 55 UAL CP 
2BU 25 UDCpfS 
2D* 11* UDC 240 1X7 
28% a* UGI XM 86 
11% 4% UNCInC 

25V 15* UNUM 48 
41ft 26W USFG XA4 


52U 41 W USFGPf XIO 
7* 6* USGn 
2AW 16W US LI CO 66 
35* 1»V UST 
38* a USX 
51 43ft USX id 
61 41V USX pr 

36V 9* Ultmto 
28% 17V Uni Fret 
42W 28* Unlftvr 
67* 38 UnlNV 
47V 26 llnCntp 


a 1479 97* 96V 96* 4 U 
1 26W 26U 2JU 4 ft 
5 64 18% 1BV 18% 4 V 

8 77 25% 26% 25% 4 U 

15 229 9* 9V V« 4 * 

1.9 11 274 25U 25ft 2Sft 

86 8 1441 aft 38* 31* 4 * 


93 8 44* 44ft 44*— * 

3 a*3 7U 7 7W 4 U 
36 9 116 24* 24* 24* 4 U 

168 43 M 873 35 34V 34W 

160 4A 16 55M S* 27 Z7U 

XSlelO-1 5 47* 47V 47*— U 

360 76 657 46 45V 46 

12 90 10U 10 10*— ft 

60 6 17 7 25 25 25 

1JO* xs 10 285 a* aw nut* 

16le 3J 11 974 54V 54 54* 4 * 

164 37 9 16a 33* 33U 33* 4 * 


32* 15V UCorb 60 XI 935457 26* 25 26 4 % 

lift 4 UrSS: 25 746 UV U 13W 4 W 

15ft 19% UnElec >« XI » ,a ? SS SS ^ u. 

24 18V UnEI nf 7 13 96 1 23% M* m, 4 ft 

BOV 66 UnEI pt 7M 9.9 Wta 75 75 75 

83 49 UEInfH BJU 96 lOUz 82 80* 80*— ft 

19* 13* UnExo IJOellJ 17 56 13* 13ft JMb- ft 

80V 45ft UnPoc 260 36 11 1753 58 57* 57% 4 W 

MU 5* UnTe* .10e 1J , *» >«* ,** «- « 

15% 9 Unfad Fn JUS 93 16 15V 15% 4 * 
47* 24 Unltyi 160 33 9 5574 31V 30V av—* 

79 48 Untevpf X75 66 Till Sift 54ft 55V— * 


So lei figure* are unoHIdaL Yearly highs and law* reflect 
the previous 52 week* pUs It* current week, but net Me tateart 
trading day. Where 0 split or stack dividend amounting 1 d 25 
percent or more has been paid, the years high-low range and 
dMdsnd ara shown lor me new riDCk only. Unless Otherwise 
noted, retw ot UVHfcWfc or* omwo! SlSbUMErngnlsboHltM 
the latest declaration, 
a— cBvWsnd also exlralslj'l 
b— annual rata a< dividend nius slack dhrktandji 
c — nauWattna tf) viuoncL/i 
cM— ariledri 
Cl mm QM Vttarlv lOWi/l 

e — dividend declared or paid In preceding 12 monthsul 
g —dividend in Canadian funds. suMcf ta 15% nonresidence 
lax. 

1 — dWdeml declared after snllt-up or Hock dividend. 

I— dividend paid this year, omitted deterred, or no action 
taken ai latest dhridend meetina. 
k — dividend declared or paid this vear. cm aceuinuiaftvt 
issue wltn ntvldems In arrears. 

n —new Issue In the pest 52 weeks. 7iw high-low range begins 
with me start of trading, 
nd — next dov delivery. 

P/E — Pricoramlngs rotla 

r— dividend declared or gold In preceding 12 months. Plus 
staGk dividend. 

s— stack spill. Dividend begins with dote of sollt. 
sts— sates. 

t — dhrktowj paid tn slock in nraeedina 12 months, estimated 
cash value on ex-dlvideM or ex-distribution date, 
u — new veortv high, 
v — trading halted. 

vl— In bankruptcy or ritaefvershlp pr being reorganized un- 
der the Bankruptcy Ad. or seairttlfa assumed by such com- 
DanJa. 

wd — when distributed, 
wi — when Issued. 
m — with warrants. 

— ■, -dividend or B»-ri«hrs. 
xdis — ex4ttstrltniilan. 
xw— without warrants 
y—ex4ttvMend and soles In full, 
yld— yftW. 
z — sales In Mil. 


•40 


41% U* WICOR 16 7J I 51^ 34ft 36* 4 V 
9 2* WMS 25 6% 6% 6% 4 ft 

24 21W nfPLS 14 88 23* 23 23* 4 ft 

55V 49 WabR Pf X5D U lODDz 51 n a 

22* 1W Woddit MO 36 13 1 19 19 19 — V 

BU 4 WMnoc 5 51 6* 6ft Aft — ft 

39* 20 WalAAri .16 J 26 7413 32* 32* 32* + ft 

4D 24* walgrrt 60 1.9 16 782 32* 31ft 31 ft— W 

49V 31*WatCS« 66 16 14 112 <2* 42ft UV 

37ft 17V WamC 66 16 17 5627 37V 36V 36% 4 * 

6SV 38V wrncpf 363 56 552 66V 64V AS* +IW 

7* 3* WrnCpt ID 141 4U 4 4ft — U 

85 48*. WararL X16 26 16 2541 T4U T3 74* 4 W 

2AV 19V WashGs T68 76 9 192 25ft 25* 25 V 

X0 2DB 27ft 26* SMife 

9.1 10 88 27V 27W 27* 4 * 

1.1 M 5509 41% 41U 41* 4 * 

16 12 50 27* Z7V, 27ft — ft 

217 2* 2* 2* 4 * 

4 7 7 7 — V 

133 13V 13 13ft— V 

57 TV 7W 7W 4 ft 
46 25* 25V 25ft — ft 

27 28 27* 27* 

70S 35* 35* 35*— U 

977 67 MU 66*— U 

19 16V 16W 16V 4 U 

7ft 6* 7 4 ft 

_... _ ._ 13 12% 13 4 ft 

41V 21 WtPiPo 13) XI 13 9129 39 V 37* 38ft— IV 

14% 9V WstctEO JO 13 32 13% 13V 13* 4 lb 

2ft W vlWCNA 429 U U 

I6U 13U WtGspf 1J0 1X5 39 13* 13V 13*— ft 

20* 3* WstnSL S 348 4U 4 4ft 

4* 1* WUnlan 130 2V 1% 2ft 

a* 34 WUnpCM168e28L7 47 40U 39* 40 

23V 9* WUn ptB TOO 26.1 35 11* 11* lift — W 

74* 40 WsteE 100 IB 10 1652 S3* 52V S3U 4 * 

37V 23 Wstvco .92 XI 10 508 27* 29 29W 4 * 

50 10 5788 24 23U 24 

73 285 34 33* 34 4 U 

1 238 19V 18* 19*—* 

X3 IT ~~ 


35% I9U WSIlNOf 108 
2SU 22U WshWT 248 
47ft 28 Watte 
38* 19 WatkJn 

2* % weanU 

11* 6 Weonpf 
20* 6* WcbbD 
14% ** wedatn 
au lav welnRi 
41* 27 welsMk 
41% 12 WMImn 
68 37V WellsP 

20V 14* MMFM 

9% 4* Wendrs 

20V 12U West 


160 160 5 

168 66 15 

60 1J 16 

16 

ZJD 36 7 

1-50 9.1 
.24 14 30 aou 

JO 13 17 72 


1.10 


3SU 19* Weyers !J0 

46V 32ft Weverprl62 

27V 5% vtWhPtl 

36* au Whripi 

22* MU Whltehl 

au 22ft Whlttok IOO 2J 11 

17* 7U WlCkos 

8* W Wick wt 

26* 16* Wick ntA 260 1X8 

5% 3* Wilfred .12 26 77 

19* 7V WillcG % .11 3 13 

37W 19* William 140 46 8 

7* 4* WHshfO 601 3J 75 

10U 2ft WInchol 

5 * Wlnlak 

48* 37V WlnDix 1.92 46 T6 

12U 7 WTrwbg 40 44 25 

3* IU Winner 
27* a WiacEn 164 SO 9 
a 25* WIsGnf 265 94 
23W . 18% WIscPS 168 76 10 
41* 26* Wllcn 
13* 7 V WWvtW 
60* 29V Wblwth 
m 5ft WridCp 5 

18% 10* WrirfVI 
41U 19V Wrigtys 44 10 17 
2U * Wurltch 
17V 7 WvtaLs 
»ft 14ft Wynns 
39* 10V Wvse 


160 4J 10 
.12 9 12 


825 25% 25* 25* 

164 11 lb 11 11 — W 

74 35ft 34* 35ft 4 U 
76105% 13V 12* 12% — At 

62 17U 16* T6%— ft 

a 5* sib 5* + ft 

384 16W 15ft 15ft—* 

1638 33 31% 32W— U 

68 6 5% 6 

54 2ft 2* 2V + ft 
1111 
138 46 45U 45* 4 U 

1557 9V B% 9 4 V 

3 1% 1* 1* 

740 Mft 26U 26* 

4 av av aw 
its a* a* 2i% + * 

98 35 34V 34*- U 

385 13 12* 12* 4 V 


164 X9 14 3164 55* 55V 55% 


68 

60 


X9 14 

29 a 

6 


4 5* 5* 5* 

74 16* 16* 16* 4 * 

*S “8 

TO 9* 9* 9ft— ft 

31 20ft 20ft av 
630 11* 11 11 — * 


78% SO Xerox 300 56 ID 3377 58ft 57U 57* + U 
36 19ft XTRA 62 XI M 307 33* 33V 33*— W 
29* 19ft XTRA Pt 1.94 7,1 7 27V 27 27V— V 


59* 17V Yorkln 


15 178 52* 52% 52*— U 


au zonota 

13V ZOYTB 
8* Z*rrua 
18 ZmlttiE 
9ft Zeninn 
1 viZenLb 
21* 12U ZnnNtt 
19* 11* zero 
a 15 zumin 
11* 7* Zweta 
10ft 10 ZWtigTn 


5ft 

37 

li 

a 

10* 

7* 


JBtxa 

OObXX 
A0 
68 


70 2ft 2* 2ft— V 
16173 4964 Mft 25ft a 4 U 
33 17 9 13* 11V 13% 4 W 

384 21ft 20* 21 — U 

145 TOi>M 10 10ft 
218 2 1% 2 
as 1BW 18ft 1BU 4 ft 
OT 15W 15* 15ft— ft 

771 27u au a% + v 

383 10* IDV 10* 4 ft 
T679 10ft 10 10ft 


ui 

9J 


j NYSE H^hs-Lows 


NEW HIGHS » 


Albertsons 
CvonusMlnr 
GaCrtJtl 
Kroger i 
Newell Pf 
OwnAUnrs 
SalantGR 
Union Carp 


AmerTrPrm 
Baxter Pf A 
CamwMig 
Kevstcon 
Rexenen’ 

fimtterOn 


Apple Qk 

Deny 

GtAtIPac 

MMSouUI 

Nevaind 

Pmnwalt 

SMCamCps 

UrUonfedFn 


BardCRs 

DbSoto Inc 

Hexcglb 

NIP5C0 

OakhePrad 

Pnwll lAOpr 

SunExplwt 


NEW LOWS M 


AncharGIb 
Baxter PtB 
DtattnlEa 
NtUemlPf 
5ntaDrEP 
SnvderOtl pt 


Bgncrexas 
BloCrff 
PstmmiA 
Perm lp nr 
ScwInpfD 
Trchmk odi p 


BestPrnd 

FruMPfA 

KavJewls 

Newells 

□nioMafts 

Rarer s 

TvcaLobe 


BkBaeadlpf 

ClttcpodPt 

Haftllny 

Ptejttnc wd 

SheinVRs 

WstnGOSPf 


j AMEX Highg-Lov^s 


NEW HIGHS » 


ChmbDevAs 
IntrClyGae 
South He Pf 


AmExoiar 

Corcaon 

GECawtY 
NRMAcflPl 
TIE Comm 


□ark Cons 
Jon Bell 
TwnCnfrv 


Data ram 
Lvdaii 


NEW LOWS 17 

AmExpFPd wt BcardOU n 
EtactrSnd EnavDevI 

HalooMta Halil nv wtA 

OraganStln SocCopCp 


DIxanTIcan g 
PerinICora 


BridenBIta 
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Floating-Rate Notes 


Oa. S 


Dollars 


Issuer/Mai. 

Akskn Finance JWOt 
Alberta 93 

Aiwrican Exptmb 97 
Amu 5ubfl4MarW 
Anas* 

Ban 

BcoDI Nmolin 

BaDI Nopelifi 
BcaDl RnmoJirtn 
BaiDlRaman 
Bco Same spklio 91 

Bk Mmtraed 91 

BkNonSoBttaa 
Bk Scotland Pern 
BatkenTraADD 

BtCHMH 
BU lot WMKilyJ 
BbUntBl 

Be Indnwz 97 New 

BfaW(Cap) 

Bice Nov ft 

B9inasuez97iCDP) 

BnnfS 

Bnp97ICaa) 

BnpRUW 

Bappera 

BnpffiMmirl 
Ba Portbo, Pen>2 
Bardoyi Porp Seri 

Berckm Pens Seri 

BardavsPeroOld 
Bor aon O/S M 

Belgium JulM 

BrigkimJWRS 
Belgium W (A) 
BekXuni91 
BekXun, 0094 
□be 2085 
Carterri S+L M 
Carteret 5tL scene 
Cstfral 77/08 
Central ltd 88/01 AU 
entrust 92195 
CntrnstM 
Centrusl 5«M « 
Chasefl 

OwaManCwPOo 
gaw Ma, 97 
Chemical «9 
Otemical FeW 
Chemical Od97 
Orbtwila Pern 
□NcarnK 
CtaearaSea* 
□ticorPPtag* 
CltkornR 
ancorpMorft 
OltcorpPtop97 
OH Federal Aua9] 
CUkuraSH. Mar* 
CM Federal 0ct«3 
atvied May 91 
CehxnbcaStLH 
CamaknSI 
Comatenbk Au0f9 
Cam man Bk Aufl Pent 
Commwth Aintralla 98 


Coupon Next Bid Askd 
8538 1741 ff 67 V>B 

15* u-n mmoaj! 

Bft 30-12 9UB 9825 
8 - 97.10 9765 

7ft 16-12 99J1 lDOm 
75 IB-17 7762 9705 
Bft 13029765 9800 

7% 89-11 9950 9940 

750 ail SL75 97 JO 
(LSH 3VH UOdnaBM 
S* a-03 99.19 WJ9 
Jft n-W 9»J5 UIME 
9ft 364D70J97X50 
I lt-ii am am 
■ft 13119746 9785 
Oft 16-11 9960 WJ5 
21- 10 99.12 9TA2 
78bS 28-12 9JJ0 9655 

8 21-11 9837 9U7 
Oft 2W1 9950 10IUD 
748 U-U 9908 9968 

91/3271-11 98.75 9965 

8* 0602 11869111119 

8* 21-10 9&U 99.12 

7* 15-12 9994 10UU 
U3t HMD 9080 
9U DWB inWftUB 
Bft 1B-1S 99JB 9940 
Bft U-178700 VBlOQ 

SU. 0501 9B87 9187 

tv. wawxovua 
7ft 07-11 9365 9423 
fft sun 9743 9705 
Bft 2701 10U010B.10 
e* inn taianan* 
nv noiuojnnu? 

< 2103 1SM5MB 

7ft an 99.98 HOB 
9ft 17« JUjOI 7160 
IV. 30-11 W.7S W85 
Oft 1303 9943 99^3 
M-ll 9962 9932 
Oft an nsa 99.12 
lft - 99J7 9M7 

81/4006*12 9964 9984 
868 T363 9965 99JS 
Oft 2202 9948 99J5 
Oft 1411 9158 S1JS 

9 ail 9701 *J0 
■ft 21-1 0 *81 97a 
8* 21-11 I6J5 9b60 
Bft 11-H 16.10 1635 
1* 07-11 77 JO 7950 
6531 31-10 9U0 9615 
Bft 21-12 9785 9610 
lft 21- It 9U# 9625 
8513 31-U 91J0 97a 
8* ail 9615 9640 
Oft 31-10 96019631 
UQ 30-11 9980 9985 
ISO SWJ ft* *.% 
11/20 11-10 9948 9985 
1575 03-11 TOJB51DQ.U 
7* a-H 993! *9 J7 
8ft 7H2W.9BHBJS 
■ft 1302 9966 99M 
6338 1101 1006510636 

7* 38-11 lSEiSn 


ISSMT/MflL 
Cdf7[Mtniv) 

Cf Du tori 91 
CrFMoer OclV7 
j CraM Fonder to* 

[ crLranacis?]/* 

1 CrUvtxMftHriS 
CrLnnnoisW 
Cf Lvnanois Jonn/% 

■ Cf Lyonnais: 97 (Cap) 

, Cf Lvanros.93 
Cr LvanraXsOO 
Cf Lvannod. Jun9S/76 
Dkb Fred Junes 
DkbFralStotSl 
Dun Damke Bonk Fterp 
Den Nome Perg 

One Pem 
Denmark Alio* 

Dresdner Fin 93 

DrHdnerFbil9 

Dresdner Fin 92 

DresdnerFinEiWtH 

East River Augf] 

Enel ODitB tMHitvl 
End 2006 
Eld 93 

Eta MOV 96 

FerrnvicMov97 
FarrouieM 
F4d Fed Suss Oct 92 
R Fleming Ptfp 

Ford 91 

Fortune 5+L 92 

Full Bank Fred JanV2 
Full Bk Ficd 31SM9I 

Full Bk Fred Augfl 

GlAmer-N ISlSavn 
Hene Kong Pen 1 
Hang Kano She Pern 2 
Hong Kang Pens 3 
Household Jim* 
twang 02 (Mihiv) 

Hydro Quebec P«rp 
Hydro Quebec 05 MhiV 

Intend JuntH 
1 intend NovaO 
■retend 97 
Itotyw/te 

lUyU 
Italy 00 

Jp Morgan Mav97 
Uebrawi Ptre 
LWht 95 
Lbtfln 01 

UovdsPerpt 

LhmbPera? 

Uovds Perp3 
MUkm Peru Series 1 

MMUMPeni Series! 

MtetondPeraJ 
MMSona Fred Fes 90 
Mk&snalntW 
AUsuMsh Fred Jun9t 
Mitsui FinWiCoo) 
Mitsui Fin K 
Man GrenMI Pern 
Jd Moraai DecVf 
Nt Australia Bk Pen: 

Nal Bk Canada V 

NatvwsrPerplAj 

Nat west PwpiBi 

Hat west FlnU 


Como Hist Bid Askd 
3H0 9940 »6B 
8ft 23-HWMWa 
n-ioiKAiioejo 
„„ 2004 1MJBN0.13 

7* 14.11 1060S100.16 
8ft aiUBUBW.13 
Bft 7g-n%j5KJn 
Bft 2W1 *.48 10008 
Oft 07-1! 9765 9765 
Sv sbomninua 
Bft 1101 9765 %M 
8ft 16-17 W5S lOOJS 
7a an rji no 

Bft 3WJ9906WJB 
8 14-11 1450 8650 

£15 2402 7650 8600 
Bft 71-11 7100 HLM 
6844 7840 9987 5jJI 
7ft 21-101905310173 
lb 26-11 10605100.15 
9ft 2842 1002210042 
7% 8M1 W5S 9985 
BJM *11 *67 9907 
8591 ail MU4W.M. 
9te OMD 10600100* 
8ft 2V 129900 *9.90 
74 09-11 99 Jo 10606 
525 26-10 10600110.10 
T 2742 I007J1 043 
■V 31-10 9965 10050 
•ft 28-1 1 iy» 775S 
7* 18-11 ISA 99.92 
■ft 27-10 *9.n toon 
6491 27-01 9961 9969 

7% anwjowjs 

5ft 22-02 9967 99a 
7* 21 -W 99M 9958 
9s. 17-02 8065 II JQ 

b* ga-13 gam am 

Bft 11-10 796S 8075 
6463 26-12 99a 9953 
8% 2301 9951 9961 
5ft 09-02 9465 9575 
8ft 07-11 9964 9954 
7a 1412 99J4 9944 
Bft au 99a 99a 
9ft 2M7MaM106» 
7ft 1411 9995 MUO 
sv 11-iD inuaieiu 
7ft 21-T7 imaiDOJC 
Bft 23-11 99 JB 10606 
Bft 30-11 77X6 79JC 
8ft 18-11 99a 99.96 
■ 1417 9955 99a 

Oft 09-12 87-37 8637 
Eft 30-11 81.11 8L\l 
9-14.1 3462 8652 8752 
8ft 71-1} *12 87.12 
8ft 20-83 *12 87.12 
7.975 13-12 8450 85JM 
9ft 2142 1061710622 
Oft 094D 9615 9640 
7ft 30-12 9941 9946 
Bft 2410 9765 9625 
9V| DMB 10617)0062 
9ft 27-02 75-50 77 JO 
tU 2M7 9695 99 JO 
74 ll-W 77JOO 79JH 
9V, 2MIT6M 7L00 
8ft U-01 9065 91 J5 
Bft 1382 9065 0165 
7ft 71-11 97a 9730 


iMtmr/Mat. 

Nod wut Pent iCi 
MIS West F% PpDkl 
NntZesiiandAuri] 

New Zeaiona 01 
New ZM tend* 
Northeast Savbws 96 
Nartneaa Savings 95 
Quebec Dcftl 
Ouoeukind Moy* 

RID 94 

RtnteNpvH 

RbcB 

RbsPerP „ 

Sonoma BK Fred 91 

Santa BorfimaAua* 

Santa Barbara SeoWA 

5anwo Iril Jon 93 
Sec PoUt Ic 97 , 

SocGenTfonehf 1W 
5cc Gen Pern 
SecGcaNov* 

5M Chartered Peru 4 

Stand Chart Peru! Mm 

Stand Churl PtroJ 
Stand atari Pend 
SttBk HSWFN)9B 
Swedifi 92/05 (Mtnivl 
Talvo Kobe 971 Can) 
Talvo 92.-04 
Totro KobeBk Jur99 
Takuoln 92/91 
Takuoin WICaol 
Ilk Scot* 

l)W Kingdom *TO 

VerrkHvest July 91 

wells Farao SegtW 
Wriu Fargo 92 

Writs Forao Ot 

Wells Faroe 94 
Write Forge FebO? 
Write Fa rgo JulW 
Wwrpac Foru 
WMdstaeFlnaws97L 
Woadsl A Finance 97F 
VBkOhami 97 ICOPt 


Comm Next Bid AiM 
Oft 30-11 9650 91JD 
IU 1411 9150 94J0 
•ft TWO 1808510615 
0* 0M2 1B6B2WLC 
7ft 06-^10685108.15 
8688 l*4D 99J »48 
>* 19-12 10681 IEOlII 
7ft 17-10 (185 9601 

7J U-ll 9U7 *77 

I* »I1 99.90 WR 
7* 14119948 9960 
I* <9-12 8680 8880 
■ft i]-UI7at9J10 

71b SH2 99J6*.*9 
8* 16-11 99a 99a 

8* 3-12 99,42 99.57 

647} 17-91 10086180.14 

lft 21*11 9760 *195 
8ft U-m 99.15 792S 
708 »11 8465 89.75 
7ft 0411 99.75 10080 
B.1S (+81 77.75 7675 
8* 16-81 77X4 flUO 
81 /JS 06-13 77J5 7675 
7ft 09-11 7650 7950 
8ft 1342 1903610X49 
21-10 MMOtteUO 
Bft 1411 9725 9625 
7* 31-11 *9.92 10UB 

Bft »129MB9U5 

8* 2043 99.95 10605 
TV I HI 99.80 79 JO 
ns 28-12 U6JB100L33 
7v B7-nmun06» 
6S5 25-tn 99a 99a 
3ft 30-12 9860 BU5 
6538 31-10 9960 99.95 
Bft 31-10 99.18 9935 
•V 0-12 9650 99M 
■ft 14119625 9650 

t l4-tl 96tf 9A2S 

a jmj mm t m 

28-ID 99A 99a 
3411 wa 99.98 
8* 2VU 97a 9625 


Pounds Sterling 


AbOev Mol 91Gb 

Abbey Nat 93 GO 
AObevNU 92/so Gb 
Alliance 4 Lc4c 93Gb 

Alliance * Lelc 94GO 

AiUnnce -Uric 95Gb 

All And Lelc Buc 93 

AH And Leics Sea 9) 

Altai la 98 Gb 
Anrite 5ef4*i Gb 
WBBkptaGb 
Bk Marti real 94 Go 

BalndosuwflGo 
BaJokjm 94G0 
B/HatnlMMMin«B 
Brod 4- Bbta AprM GO 
Br Isnri 4- Weil 92 Gb 

Bristol Wst B Soc 93 

Britannia M Gb 

Brltonnta 96 Gb 

artavo B?/9i go 
C oop 00 

Cr Fancier 00 GO 
Cr National 91/95 Gb 
Denmark 93/91 Gb 
Domos iwori IDecii 
Enri 93 1 No 1 
Ek Finance V V5 
Ferrovio9SGb 
H all tu 92 Gb 
HalltakNGb 


1UH21-R99.M 99.99 
1635 - T>m 999* 
10* 17-H 99a 99A 

17ft 30-11 99.90 9M5 

ID9SS21-10 994 99J3 

riaaoo-n 9963 9968 

17ft 25-19 99a 9965 

17!, 28-12 99.71 993S 

10ft 1410 9967 99a 
12J0S23-12 NH 99JB 
lift 18-11 WJ7 99.97 
Illy »12f9a 99.99 
17ft 2411 NtUtimt 
Mft 11-10 106a U0.18 
lift 1V11 9ta 99.1Q 
10ft - 99a 9965 

11 2410 99.98 9955 

ink 15-12 99a 9968 
up, n-ra 99a nn 
109752410 W.48 «J3 

lift Ti-ii 9ta ina 

11 71 10 95a 9139 

10ft 11-10 I061010UB 
12ft 5D-12 lEMBtiO.18 
i]ft 30-n uoainu 

1X4750412 1068511625 

17ft 2S-17 1B6D9106H 

iu»u-T3 ngaiooJQ 

11.03831-10 106351 DO 45 
Wft D7-10 9?a 9964 

11* 21-11 99.74 9969 


issuer/Mar. 

Ha tea <91041 
HriVrvHTnctll 

HolitakU Tnch3 

Hmc S»rl tea it 
H mc2FebUClassA 
Hmc Jul2S15 
lUBtGa 

Inv. In I nd Nov 94 
Ireland 93 Gb 
Ireland 96 Gb 
Leeds Perm* Go 

Leads Perm Ori 9* 

LtevdsEufeNGb 
Maes Funa No Uutll 
Midland Bk HI Ga 

Milk MM Bd 93 OB 

MkJPkAunrj 

MfcChni4i.wfl) 

Tmc2 NOu 14 
TmceMar 15 
Tmc mi Sept t4 

TmcNaaoais 
Tmc No 7 November 15 

Tmc Nn8 DeuiMw 19 

Tmc NO 10 January T9 

TntcNo9Februorvl» 

NhllSeoU 

NhROriM 

NMTWrdNovU 

NhUDU* 

Nat Prerinaa) 96 Gb 

Nat/AlwBtal4JrfW 

iMilanwlae B/SKGb 
NottamMeB.-SHGb 
Nationwide B >5 Delta 
Nm Zealand 97 GB 
Mori nem Rack 0095 
Prudential 9SG6 
Res Prop No 1 May II 

R«SMN02Ptc Julia 

UKOSGb 
£nd 90/03 Gb 
Tmc 3 10 April 2015 
Tmc Na5 PIC 5eptS15 
Woolwich B*S95Gb 

Wbolarteh En B Soc 93 

Ytekstare 91/94 Gb 


Coupon Next B<3 Aik: 
1I.T&32M! V.n wri 

IIJJ8J1-10 95-61 W'S 
IZ33 7843 Wjn HJ, 
1!<- 30-12 99.®5 1S2: 
120=23-11 100251 K25 
167 IMS «95 KSU 
lpft 17-10 ».9S 1®£3 

ll’j 24!1 99.44 10234 

It* 18-13 ««.*i 10C21 

12ft 09-12 I0U9MC 19 

I?! ta-l; 99.90 9995 
Oft 1399 *10621 
12ft »I1 9133 993C 
I1.M4 %.« 1KTS 

1141311-11 «sja CLE 

i2ft aw: o»j 9 «ij 

1163830-1 1 1060210123 

1U3XM: USlOIXJa 

is* fli-is laaaiocjj 

13* 01-12 PC tO 13633 
raft 3M2 9995 1K3S 
IWIHI 99.J5 tttli 

1145301-1: 1060S10222 

11294)1-12 9955 WI! 

T»OI 99.95 100 15 
1157501-1; UejOWCJD 
m<5 3i-i2 99a wo io 

I16I33I-M 99.99 100.10 

1159430-11 9990 I1 10 
31-01 10605 

lift JH2 9936 9991 

10 9491410 99.1) I SUE 
10ft HMD 99.95 10600 

1672517-109452 9957 

11 7487410 99A3 *48 
lift U-11 UXUS51061S 

1MI 99a 9940 
iiafflG»-i:«9« uuu 
1U1318-H 9995 10620 

UJkir-U 1063010020 

lift 0911 *2DO «aJl 

lift IT-10 106JCI06I2 

lift 01-M 1006513635 

■1319)1-1: ID0.1P100J5 

lift 21-11 99 At 9949 

10ft 1>10»967»r 

ir« 30-17 9995 1HLSS 


Deutsche Marks 


Biw92 IDmi 
Belgium 97 (Dmi 
Crea Fonder 94 lOm) 
CIC93 

DrevJner Fin 90 iDml 
Dresoner Fln9l 
Etc 92 1 Dm) 
IrektadWIDm) 
MUktna inti (Oml 
-In Morgan 95 Cod 
97 (Dm) 


*454 2M2 9965 IX SC 
5ft 2SJI2 1U621KLT: 
5.154 1401 I0UD1X4D 
5ft SHa 100.121002? 
Sft M-ll 10013100=: 
51. 3228-10 99J3 "JO 
Sft 27-07 100JCKM92 
iv. teoiioociinii 
S', 3S-I2 9125 9725 
5ft 30-!> 9 "SO 9&H 
3* 30-11 K4U2IX5: 


Japanese Yen 


Cut 97 Yen 4ft 24-10 1060010051 

Cr Fonder Aug9; Yen 5ft 2862 100 1D100« 

Edt I Jay I NOV94 4 j0» 21-11 100.1610040 


E.C.U. 


Roma 92 (Ecu) 

Cr FanctarftiEcul 
Cr National « 1 Ecu 1 
EK931ECUI 
[retold 97 (Ecu! 
1(01,91 

Pnconi l9SMt*2 


7* 0802 9950 WOOD 
'2(H \yw 94.15 10000 
7ft 15-10 9925 lOBBO 
7ft 31-10 *9.98 10033 
oft 28-10 woo mm 
T* 30-119998 10003 
8 21-12 97 JO (850 


Source : 
Lonaon 


Credit SuMd-F.nl Boston Ltd. 


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INTERNATIONAL FUNDS (Quotations Supplied by Funds Listed) Oct 5th, 1988 

_ Net asset value auotattans are supplied by me Funds listed with me exception at some aootes based on issue price. 

The marginal symbols Indicate frequency of quotations supplied: [d) -dally; (w>- weekly J (bl-bl-manthly; cr) - regularly; (tj - twice weekly; (ml - monthly 


ALrMAL GROUP 
(w) Al-Mol Trust. SA _ 
( r > /Wanogad Currency 
I r ) Futures — 

Iw) Equity - 

Iwl Band 


APAX FINANCIAL COUP. 
Maritime house .FOB N-65.Nassau. 
(mj AmoricciDltal MV 8 


* 296J4 

4 112X37 

5 879.83 

t iDigjs 
8 101604 


94.13 


AURELIA ASSET MANAGEMENT LTD. 
PjO Box SS $53?JlassauBahomas. 
(wIHICMXaSnABMMiolb Aurelia i 1D7J5 
BANK JULIUS BAER E CO. Lid. 


Bcwrtwnd 

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BAJI MULTICURRENCY 
‘ Multicurrency USS __ 
Multicurrency Ecu _ 

Multicurrency Yen 

. . , Multicurrency FFR _ 
BNP INTERFUNDS 

(wi interband Fund 

<w) intenairrencv US» 


SF M6J0* 
SF 186X00* 
SF 141580- 
SF 1346J0- 
SF1435JU0- 
SF1862JD0- 
SF 100500- 
SF 222950- 

. I 1J1SJS 
ECU 15NX46 
Y 228J3X00 
FF1D6B.19 

_ S 17X01' 
$ 1046 


(w) Iniercurrancy DM DM 3017 

inter currency sterling 8 1030 

Interainrencv Mnaoed S 1014 

inlertaulfy French Offer _ s 11J8 

Intaraqujty Pacific Offer — 5 14.10 

interequ tvN. Adler. Offer, s 1 

inter oaultv Eurooeai Dass S 
intarequltv Australia CIS. — * 



\ssztsiss&%& \ 

indosuez Multibonds DM _ S 
Indasuez Multfbands us* _ s 
tndosuez Multibands YEN . 8 I 

1PNA-3 — - S 

The Slam Fund s 1145 

lid Fund S 11 JB 


Mjrannr Ui 

Dataa Lcf Int. Band s 103057 

Eagle Fund LF 9930 J» 

Eoi D"Or — ECU 97 JB 

Governm. Sec. Fund* ___ 8 74LS1 

ISbSICBV FL 1063X00 

Lei com s 197169 

Opportunities Fund s 76X8S 

Prirop fund DM 4£)J2 

Prlflrsl S 48062 

Prt-Tedi 5 116766 

Rente Plus BF 55707 J» 

Setact. Horizon Dev. FF 5041*62 

Select. Horizon FF FF 53MX67 

Source Starv _ I 1074 

Star Canv.Fuad FL FL 9946.00 

Star Conv.Fund USD s 9666 

IQUE S CAN D I NAVE EN SUISSE 
CENEVA 

(wi BSS Band Fund ... SF 77 JO 

(wj BSS Intrfsoc. SF 155X68 

BSS Inn Bond S 1.1BS 

, -. BSS inn Eaultv s 1685- 

&FJLCJW- 

(w) Ecu Multtol ace merit ECU 112567 

MIM 8 RITANNI AJNJB 271, St Metier, Jersey 

s 2JT7- 

S 1X51* 

S 1.858 

t 1497 

( 2603 

i S6S3 

S 1654* 

S a.942 

£ 17J5 

S X437 

c Dj®r 

Oka sob Global Strat S IMfl 

Asia Super Growth Fund. _ S 9J6 


IntjHIgti Income 

Dollar MaruCurr ... 

Dollar Man. Port 

Slerllna XtarvPori 

Pioneer Markets .. 

U.K. Growth 

Amor. Inc. 4 Growth _ 
Gold*. Prec Metals _ 

Sterling Man. Curr. 

Japan Dollar Pert. Fd . 
Jersey Gilt 


d 
,d 

'd 
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BRpADMTE'l ffrERNATTONAL^FUN D 

I d>s Money Market I 1156 

(dlNarvX Money Market DM 2861 

Cw) S Bond — — 5 ixoo 

Iwl Non-* toy) DM 3074 

IWl&tabOlEbunv S 1X42 

Iwl Global Bond % 1272 

(wi Global Bond & Eaultv S 1X61 

iw) Prec. Metx/Min. Sect S 054 

B3N MANAGED ASSETS CY.SICA.V 

It) Global Bond Fund ECU HU1 

;t 1 European Securities Fund . ECU 1086 

ill French Securities Fund FF 10660 

(t I North American Secu-FUnd . S 943 

(t) Pacific Borin Sear. Fund S 961 

CAIS5E CENTRA LE DES BANOUBS POP. 

;2!ES2S5SgS»Er±S 

to^sssssgfss- W 

Iwl Frudllux-Act.Eura __ ECU 1.10276 

( d J Fructllux-Tresorler FF SJ25.94 

CAPITAL INTBRNATIOfiAL 

twl Cnpltol lnl-1 Fund S 76J1 

(w) Capital Italia SA S 2909 

CIC GROUP 

(d)DbjldcMMWMre FF HK1468 

I d ) CMXldC Court Tarme FF HB79J8 

CrriCORP INVESTMENT BANK (LoxJ 
POB 1373 Luxembourg Tel. 4776561 


Cftlnvest Guardian Eura ECU 104360 
TTRUST 

...JUS.* Equities 

Iwl U5.S Bonds — — 

Global Money Market. - 
GUgbot Bonds 


(w 


COO 


CHlnueBl 1 lmilrtlfa ' ' j 120661 

Cltjnvost Ecu Income . — ECU 12SOOB 

C It Invest Guardian S $ 1019-01 


CCF-GAMMA 


17BJ2 

mu 

11-53 

9J1 

HITS 

1081 


CM Adlbonds — s 

CM Cold prec Mat e 

CM Gtabal Growth j 


3X1)7 

543 

1092 


CM North Amer Griti'_Zl_ j 762 

Ehrsoes Court Terme FF 55613.99 

Etyseas Lang Torino FF 51A4&V3 

Etysees Monetalre . FF 5544173 
Europe P f M tlge Fund — . ECU 9J2 

RiSSSSMStet&tQSft ISM 1W " 
ECU ^ 

wasfisswsi s , f 

(wl CCrattaanae Dallor __ S 133W 

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POB 455, Jersey 0534 27267 

gandiPeligr Medium Term . s ituo 
Band: Ecu Multicurrency. ECU 93t 

. Eoutty; United Klnodam V te 

EDIT SUIKE I15SUE PRICES) 

' CSF Bands 5F a 

Bond Voter Swt _ $F jj 


pattgsfisei-i w& 

Bend Valor Yen - Y IWKlS 

Vtarc Storting c 1B4J1 

— Valor 5wf_JTZT SP iSjo 
UJi ' A 17171 


tti 

CR 


gurepa-Yetar 

Eneroie-Voa 



CS Ecu Band A| 

CS Efti Band E ,-- 
CS Gulden Band A 1 
C5 Gulden Band B 
CS Prime Band ‘A‘ 


egfiSiSd'S'— qm I’S f 

«»»rt-T.BdDMArr DM 1^37 


« M'J- “ DM B ~ QM 10G63, 
CS Short-T. BdS A % {SfS 

CSSh6ri.T.Bd*8ZZZHr 1 1D7J7 

CS Money Mwket Fund j uiUl 

ffiai 

brT^fl^F F M dYw 

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D REX EL BURNHAM LAMBENT INC 


iwl Finsbury Group Lte . 
I w j Winch filer Canilal . 


5 

S 

FF 


158-52 

10463 


f w 1 Winchester Holdings 

iwl Winchester Holdings 

Iwl WlneJ-taldings LkLE.0.5 ECU 109X27 

<w)Wlnc.Reserwu.EJU ECU 1051J0 

(w> wtnc-RexetVJlMIUGvBd. ECU 1083 

twl Worldwide Securities 5 

(w) Worldwide Soeclal 

(mi Winch Futxu versified 

(ml Which FuLOrlen Series 

1ml Winchester Frontier — - 
(ml Winchester Recovery Ud _ 


13430 

14.10 


27.13 

6*0-56 

17.92 

20JB 

56040 

9X53 


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1-3 Sale 5LSf. HeHnr;0S3*-36331 
EBC AMRO TRADED CURRENCY FUND. 
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9(d)Can.: Bid. S 1081 Offer S 
INTERNATIONAL INCOME FUND 
<dl Short Term ‘A’ (Accum) _ S 

Id) Sheri Term -AM Distr) % 

I d l Shan Term TV (Accuml — s 
( d) Short Term 'B* IDIstr) — - S 
(wl Lang Term 


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(w) Eldars Futures Fund S 29051 

ELDERS SWITZ-taaS) 24 79 79 
(w I Eldars int BldSF 9x6SO«er SF 102JOQ 
iw) Elders A us Bid AS 9unOHer AS 9X50 
EQ LI I FLEX LIMITED 

w I Europe A FL 9.17 

wi Global A — FL 9gT 

twl North America A FL 8.98 

ERMITAGE MANAGEMENT 
19 Royal Square. Si. Keltar. Jersey. Cl. 

(wl Managed Fund S 2X30 

(wl Cash Fund £ 2942 

wl FJ. Perseus S 


ERMITAGE MGT. CAYMAN LTD. 
PA BOX 2192. Grand Cayman. BW1 

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Euro PncJflc Advisers LM. 
w) Comets , — — S 


fw! Ptadflc^Norlion Invt. Fd . 
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. . 777.72 

Y 11409738} 

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. ADVISERS 

Laurence Peuntv HilL ECX 01-6224880 
' FACAttontlr n . J 1635 

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FIDELITY PERFORM PORTFOLIOS LTD. 

Id) American Portfolio I DJM 

Id) Dollar Liquidity Portfolio S 1D63 

d ) Eurooran Portfolio S . MM 

d ) GLObol Cortw PoriioVln J 0-88 

d> Hard Curr. Liquid) tv Ptfl. s 096 

d ) Inti. Band Portfolio. 

. d } Inti Eaulty Income Pm. , 

<d) Japan Poritolio . 


(d) Recovery Portfolio — 

Id) South East Aston Portfolio— 

l d ) Sterling Liquidity PtiL 

i d I u.K. ParttoHo 


FOKUS BANK A&872 428 555 
( w) So un fond s (ntt growth fd S 
FORBES PO B887 GRAND CAYMAN 
London Agent 01-839-3311 
w) Forbes High Inc. Gill Fd _ l 
w) Gold income — — s 

w) Gold Appreciation S 

GAIA CURRENCY HEDGE FUNDS 

fwlGata Hedge I S 

IwIGokJ Hedge II 1 


$ 0JKE 

S 093 

S 1.14 

S 0.91 

S 0.74 

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S 038 


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_ 7459 

SARTAtORE FUND MANAGERS INT, 

X CAL-EDONIA PLACE, JERSEY 051427X1 
CAPITAL STRATEGY Fa LTD. 

‘ d I Starting Deposit f 1JI4 

d I USS Depod I S UM1 

dl DM Deposit DM 5-090- 

d) Y an Deposit y 510-50 

d ) Sw. Fr. Deposit SF 5-074 

d) AustrXtallorDePLfd AS 1J69- 

d ) French Franc DeposJI W FF 1038- 

d } N. American s 136 

d) Japan y 57180- 

fdl Pacific Bailn Y 27X00* 

. International growth .. .... S X54 

dlBi"' 


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1J8* 

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interijattanal Bond S 134 

Yen CPnverttWe bond Y 275280 

European Fund DM XX 

E-C.U. Fund ECU M2 

Australasian fund ... 1 031 

Canadian fund Qml 0J5 

EnerainB Mariieis Fund _ S 039 

. Global Resources Fund S 0.70 

GEFINOR FUNDS 

London ;ot -49941 7L Geneva :4I-223S55X 

(wl East investment Fund S 578.14 

(w) Scottish World Fml ( 1713746 

w) State St. American S 22X40 


GEN B RALE BANK 
( d ) Rent Invest 


_ S 2fiJ2 
_ S 11X97 

LF 1X1 17 JO 
LF 1X146J10 


d I Capital Rent invest . 

d ) Rent label Dfelr 

_ d ) Rcntlnbol Cop _. 

GLOBAL ASSET MANAGEMENT CORP. 
PB 119. SI Peter Port. Guernsey. 0481-28715 

(W)FUTURGAMSJL S 155J 

w) GAM ARBITRAGE Inc I 211.1 

wj GAM AMERICA Inc 5 19X4 

w) GAM AUSTRALIA int S 141 J 

• GAMASEAN Inc S 99J 

GAM BEACON Hill Iftv S 11055 

(w) GAM BOSTON Inc S 131.9 

(w) GAM ERMITAGE i 21 S 

wl GAM FAR EAST C 1194 

wj GAM FRANG-VAL Inc. _ SF 1944 

(w> GAM FRANCE Inc FF 


GAM GLOBAL Funs . 

GAM GROWTH Inc. 

GAM HIGH YIELd Inc. 

GAM HONG KONG HIC. 

. ... GAM international Inc. - 

fw) GAM JAPAN Inc. . 


* 

S 
5 
s 
s 

. . .._ ... s 

(w} GAM Money Mkts. Fund _ S 
GAM Money MkH Fund _ t 
GAM Money Mkts. Fund _ SF 
(w) GAM Monev Mkts. Fund. DM 
GAM Money Mkts. Fund _ Y10 


GAM NAM. unit Trust Inc. 
GAM NAM. Unit Trust ACC. 
GAM Pod He Basin Fund — 
GAM PACIFIC Inc , 


GAM PA eWorld w. Inc. — 

GAM PA C. WorldnAccum. 

GAM PA C-U.K-Fd. I worn# 

GAM PA CU.K-FdAceum _ 18X8 0 

GAM Redr. FA Inc. S 137J6 

GAM Stnoaoore/Matav Inc . S 12051 
GAM Swiss Fr Soec Band Fd SF 10DJ1 

GAM TOKYO Fund Inc. S 8958 

GAM UXJpec Unit Tr. me ( 

GAM UX-Soec Untl TrAcc_ t 
GAM C& Inti unit Trust Uic t 
GAM C & Ml Unit TtUSt ' ... 

GAM WORLDWIDE Inc — 

GAM TYCHE SA. Class A _ 

GAM uA Inc. 


Gam WWtohorn Fund Inc _ 

GAMut Inc — 

G5AM Comoastte Inc 

GSam int. me. ujorl — 
G5AM int. incU-S spe. . 
GSAM interest Inc — . 
GSAM Intareal Inc. 


Interest Inc — 

interest Inc 

'.MANAGEMENT PLC 
. KXT.Aoal led Science- 
a 1 G.T. asEan Fund 


I 

SF 
- c 
DM 
Y 11.931 JO 


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._I6.T. Australia Fund — — S 

Id] G.T. Berry Japan Fund S 

w) G-TStowtev/HepWi s 

d 1 G.T. Bond Fund ... S 

iwl G.T. Britain Fund — S 

> G.T. Dautschland Fund , — S 


d 1 G.T. Dottor Fund 


£d 1 G.T. Europe Fund 

(w) G.T. Euro. Smell Cos. Fund 
■ 1 G.TGUX6 Small CaxFund > 
_ ) G.T.GtatxJ Teautataav Fd~ 
d) G.T. Hang Kang Fund 
■ ] g.t. Honshu Pathfinder _ 
_} b,t, investment Fund — — 
w) G.T. JaeMSml CcFd — 
w) G.T. Nat Res. Fd Gold Class 
■ G.T. Newly Ind. Court tr. Fd 
g.t. Select Dollar Bd Pfi - 

G.T. Select Int BOWL 

G.T. setact Gill PR. 

G.T. Techno tony Fund _~— 
G.T. U.K. Small CamaanhB 


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(w)G.T.U5. Small Companies 1 1031 

HILL SAMUEL INVEST. MGMT. INTL. SA. 
Jersey. P.O- Bax XX Tel 0534 74029 
Berne. PJ3. Bax 262X Tel 4131 224051 

Id) Crossbow (Far East I SF 14*0 

Id) CSF (Bokmced) SF 3X60 

(d) European Eaultv Fund DM 14A2 

Id) Intel. Bond Fund t 1X79 

< d ) Int. Currency UA t JIAO 

( d l Int. Currency UAMonogd s 2 a5D 

Id) 1TF Fd ITechtMtoov) » 17.95 

(d ) O-Seas Fd (N.AMERICAI S 42J3 

I AM . 3 Bd. ROYOl LUXEMBOURG 
Id) lorn FlaoshlP Fund _ ECU 1013B 

Iw) lam Bands Fund-Fronce FF 521.72 

Iw) lam Bands Fund-Deutschl DM 207.63 

(w) lam Bonds Fund-Jaoan _ Y 10.90170 
(w) lam Bands Fund-Swltz. . FS 20*24 

iw) lam Bends Fund-u^A S HM.W 

(w) lam Bonds Fund-Euraae ECU 10733 
(wl tom Bonds Fund-Nefherl FL 211.99 
I NT ERSE LEX GROUP 

Id) Ini America Fund S 1X67 

(d) int.Betaa Fund LF 3V14JD 

(d) iniJEuroaa Slcav LF 5440J 

(d) Int J>odtlc Fund I tl5».: 

( d 1 tnt.WorVd Fund - S txt7 


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- S 2191 

S T7.W 

S 5334 
8 1139 

% 8J3 

ft 1X25 


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(dl JF Pacific Income Trust 
( d ) J.F Hono Kane Trusi — 

( d ) J.F International 

' d I J.F European . 


_d I J.F Currency & Bona 

LLOYDS BANK PLC POB 438, Geneva II 
M1-S.C. Berieleti 1.122) 20861 1/ex 1.2222. 
w) Lloyds Int'l Dollar ft 

wlUavds lntil Europe — SF 

w I Lloyds mil Growth SF 

.wiuoyai nil Income SF 

■Hw)Uoyds Inn n. Amer lea _ ft 

ft 


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+lw)Ltayd9 inn. Smaller Cos - 
MERRILL LYNCH 
( O ) First Convertible Sen Fd __ 

(dl Iberia portfolio 

( d I MultKurr. Band PortfoltO- 

d)U3A Income Portfolio 

d ) US Federal Securitas - — - 
d ) world Nat Res PH. Share a 
d i world Nat Res Ptl. Share B 
NIMARBEN 
. Class A 
OB, 


LIFLEX LIMITED 

' Multicurrency 

Dollar Medium Term 
Dollar Lena Term — 

Japanese Yen 

Poud Sterling 

Deutsche Mark — — 

Dutch Florin 

Dutch Florin Muttf 

Swiss Franc . 


- S 
_ ft 

: s 

"dm 
FL 



Swiss Mu tttcurrency ^ SF 


into 

15X10 

203JKJ 

29X50 

130.75 

22140 

1533 

10.69 

9J7 

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900 

932 

9J9 


12X61 

19J7 

1431 

1X32 

25.74 

1X41 

1X67 

1X94 

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Convertibles ft 

. Swiss Muttl-dl vldand — „ SF 1030 
ORANGE NASSAU GROUP 
PB8S57B, The Hague <070) 469670 

( d ) Bever Belegalngwy44 s 2530 

PARI BAS-GRDUP 

‘d) BellUC Fund LF IO449J0 

d ) Cortcxa International % 11030 

I d ) Ecupar ECU 131131 

id) Far East Growth Fund * 13439 

d ) Luxor - S #.10 

d ) Par all- Fund S 9631 

( d I Pareunme Growth — ft 1637 

d ) Porlnior Fund ft 19634 

d> Par US Trees. Band ■Cl. Bft ft 13832 

d ) Euraohenlx ff M77J2 

d ) Par Inter Band Fund I 1336 

d > Obi 1-Franc FF 1,14X80 


w) OblNJm . 

fw Obllgostlon _ 
(w) Obi I -Dollar - 
Iw OMLYen __ 
'wi Obll-GuMM , 
iw) Pnrsulsse — 
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PERMAL GROUP 
(ml Orakkar Growth , 
<m Noscol Ltd . 


DM 1305A4 
SF 9530 
_ ft 1,17X10 
Y HOMXOT 
FL IJ9930 
SF 133035 
Y X91BJ0 


— ft 156237 

- S 104330 

<m) 5otcct Equities Ltd ft 88XSO 

iml Special OppartunltiKLW _ ft 1536.04 

(ml Value N.V. s 184431 

PIERSON JfELDR I NG 0. PIERSON N.V. 
POB 2411000 AE Amsterdam (20-211188) 

(wi Asia Pnc. Growin Fd N.V. - ft 36 


(w) DP Energy Resources. 


wl Leveraged Cap Hold — 

wj Tokyo Pac_ Hold. (Seo) 

(w) Tokyo Poc. Hold- N.V. 

PUTNAM 

d) Emerging Htth 5c. Trusi 
wl Pulnam Em Infa Sc. Tr , 

.d) Putnam I nil Fund. 

ROBECO GROUP 


(d) Roilnco , 


d) Rodamco 

ROYAL S- CANADA, POB 24XGUERN5EY 


- ft 

NIC 

- s 

2230 

_ s 

3305 

FL 

46X1 

_ S 

5043 

_ ft 

2*1X9 

— s 

15417 

_ s 

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_ ft 

1385 

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11.13 

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9X1 

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92.90 

FL 

88X0 

FL 

5460 

FL 

151 JO 


+1 w ) RBC British Fund U1 . _ 

4(wlRBC Canadian Fund Ltd CS 
w) RBC European Fund — _ ft 
WJRBC Far EOStAPoCiflc Fd ft 

w ) RBC IntT capital Fd ft 

wiRBCInn Band Fund Lid., s 

+( d IRBC «sn.Currency Fd ft 

■H w) RBC North Amer. Fd ft 

ROYAL TRUST ASSETMIX FUND 
LiM.Tel: (352)489061 
EQUITY FUNDS 

0 ) Aloha UK C 

dlAtphaUSS ft 

d) Aloha Worldwide SF 

5 iAlDhn Jimnniw Y 

d lAioha Pacific Rim ft 


ECU 
ft 


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BOND FUNDS 

d J sterling Found t 

.dlUSSBond USS 

( d IDeulsefimark Bond DM 

( d 1 Aloha WorMwide SF 

RESERVE FUNDS 

I d ) Sterling Reaerve c 

(d)USft Rwerve 1 

[ d I Deutschmark Reserve _ DM 

SHE ARSON LEHMAN HUTTON 

(dIOffshora Multiple O pps. 5 

OFFSHORE PORTFOLIOS (OP) 

‘ d ) OP Globed baiceiced __ ft 

d) OP Precious Metals 5 

d OP Global Bond ft 

d i OP US Shore _ ft 
dl op Gtabal E«illy___ ft 

Id ) OP Padflc Eaultv S 

id) op Eure Eaultv * 

d I OP us Govt Securities 5 


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(d ) OP Global Money Market _ s 

|ld) OPUS Money Market ft 

.HTERNATiONAL PORTOFOLIOS (IP) 

1 d ) IP Global BoloncM 5 1030 

(d) IP Precious Metals ____ ft 9.17 

(dl IP Global Band ft 10J1 

Id) IP US Share S 1038 

' > ip Gtabal Eaulty I 1035 

. ) IP Padfic Equity ft 9X3 

(dl IP Eura Equity . t 936 

’dJiP US GawLsecurilles 5 1032 

IFFSHORE SHORT-TERM INVEST. (OSD 


IOSI Dewtiche (Mark . 
1051 Japanese Yen. 


I OSI Pound Starling S 

las; itsnraiop | 

S 


SS 

928 

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1X00 

9.74 

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(dl OSl Canadian Dollar 

SOCl ETC GENERALE GROUP 

(wl Segglux Funds A J 1X66 

(w Sooelun Funds B DM 2X97 

iw Sagetux Funds C FF 8X35 

(w Sogelux Funds D SF S8JS 

(w Saaelux Funds E I 733 

W SogoLur Funds F x imw 

(w sagehut Funds G ECU 1038 

( w SobMux Fund* H ft 1068 

Sngelvn Funds J — . — BF 577 jo 

Saaelux Fundi K - I 932 

Sage tu« Funds i ECU 1MB 

) Saaelux Funds M YEN I482J0 

...ISogelu* Funds P_ * 930 

jw) soeehu Funds Q I 9.16 

iwl Sogelux Funds R s lojl 

(wl Saaelux Funds! FF 10333! 

Iw) Sogelux Funds T — ECU 1031 

SVENS ICA HANDELSBANKENSJL 

la PriruiifcL-2330 Lumrnbaurg 
I bl SHB Band Fund 9 39M 

(w Svenska Selected intiSh. ft 4438 

(wi svenskg Sotact.Fd America Sh ft 9JS 
1 Svwiska Seiect.Fd Asia Shares ft 8J6 
SWIM BANK CORP. (ISSUE PRICES) 
tdi kmtrlriiUHlitf SF 396X0" 

(dj AnglaVaWr i isBj®' 

ld) DaiiarBondSei»)fl)rai S 13X35 

I D-MarkBandSetactlan _ DM 12X52 

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I d 1 F raneevator 

( d ) Germania Valor . 
10) I la) valor 


( d ) JaoanPortfoita ~ 

(d 1 SBC USSMMF I 

( a ) SlerllnaBandSetcctlan t 

(a) Swiss Foreign BondSel SF 

( d I Swlssvalor SF 

(dl UnlverHilBondSclect. SF 

(fl) Uni vercol Fund SF 

(a ) YenBandSeloction - — Y 

THORNTON MANAGEMENT LTD. 


. FF I4733T 
. DM 414.13* 
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. SF 1877-750 

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351.75 
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( a I Pac-invL WarranK f<lsa 


( d) Tnornlon Kangaroo Fd Ltd. 

(d ) Thornton Euraaean Fund „ 

(d I Thornton HK& China 

(d I Thornton Jaoon Fund LM . 

1 6 ) Thornton Or lenvtnc. Fd Lia 
Iw) Thornton Phil. Redov. Fd _ 

Id ) Thornton Tiger Fund Ud _ 
f d ) Thor Pacific Tech.Fd Ud _ 
t d l Thor a.111. Dragons Fd Ltd . 

Id) Thor.Goldon OaPOrt.Fd 

( d 1 Eastern Crusader Fund. 

(wj The Global Access Fund. „ _ 
TYNDALL INT’L GUERNSEY LTD 
TeUM81 27963 
(d I High Yield Band 

( d ) Marunouchl 

l dl Wail street — . 

Id l Far Eastern __ 

(d) 1992 

(d) Gilt 


1.73 

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(at Mgd Currency -Dollar . 

(d) Amer soec Sits 

(di Eurobond - . 

I a i overseas 

(di Tiger. 


(d) Mortgage . 


UEBERSEEBANK. ZURICH 

(d)M-FUND SF 102666 

UNION BANK OF SWITZERLAND 
(d > Bond- Invest - — SF 

(d 1 OM-lmiesI bonds DM 

(cf I ESPAC Spanish sh SF 

d ) Foma Swiss Sh. 5F 

d I Frandt French Sh. __ SF 

(d l Germac German Sh. SF 

id) Glottinvestah. SF 

' d ) Sfr.-lnvest bands — SF 


d) Sima (stack price) SF 

d ) Yen-Invest bonds __ SF 
UNION INVESTMENT Fraoklari 

(d ) Unlrenta — -- - DM 

IdlUnHonds^ — «« — DM 

fri I Unlrnfc DM 

Id 1 Untons DM 


6435' 
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Id) Un Ivors Sen Amer . 

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(dl Unlvers So v Pod ric . 

( d ) Unfvars Sav Nat. Res CS 

VERT FINANCE LIMITED 
PB122 5t. Peter Port. Guernsey, 048T-2664 1 
(w)Tbe Islamic Mgmt Fund Ltd. ft 1011X8 

Other Funds 

C r t ACTIcrotHonca ft 

dlAdlHnonceinti S 

wl Artiom non FF 

w) Actives) Inti s 

w) Aouita intarnatlonai Fund s 
r ) Arab Finance l.F. - ft 

b I Arlan* — ft 

m> Aslan Portiolta - ft 

d I Allas Fund SF 

r) Australia Fund ^ s 

w) Authority bond shares-^, ft 
w) Authority growth shares _ ft 
Id 1 Bahamas Suoertund __ s 

(b)BiaoSaudi Band Fund ft 

( d 1 Berg NonJon Slcdv I 

1 0 > Berg Trust Slcav — . S 

(w) Bergen Inll Fund. ft 


Im) Bonar Currency A Int. 

(w) Bandselax-lssue Pr. __ SF 

(w) Callander Enver. Gr s 

(d) Cash Gesl Ion _____ FF 
(m) Cleveland Offshore Fd. __ ft 
(w) Columbia Securities. _ FL 
(wl Convert Fd. Inrt A Carte- ft 
(w) Convert. Fd. Inn B Certs- ft 
(wl Cumber inti N.V. ____ ft 
w) DoJwo Jaoon Fund y 

wl D.G.C - ft 

wIDIVERSIF. BOND FUND ft 

d J D-rrjark-Baer Bond Fd DM 

d ) Dollar -Boer band Fd ft 

d ) D. Witter Wld Wide I vt TsL 1 

d ) Dreyfus America Fund ft 

d j Dreyfus Fund mix s 

, w ( Drevhn.lntweonllnent ft 

! silSS. ! Srd«i5sz; &i 

w) Falrifew inn Ltd. ft 

(wt First Eagle Fund S 

(wl F.l.T. Fund ft FF 

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wj Fonsetex issue Pr. SF 

d ) FarBXfund limited - ft 


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221.10 

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156.91 

106.19 

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dl FrankFTruid lnterelns_ DM 45JJ 
wl George v INV. BOND F._ ft 
. di Green Une France _ F 

( w I Haussraann HkhK. N.V. _ 

I w j Health 2000 Ltd 

(w) Hestia Funds ______ 

(w> Horizon Fund — — 

(wl Ibex Haidlnas Ltd. S 

(w) IFDC Japan Fund 

r ) ILA-IGB 

r) ILA-IGS 

(ml tncAmerlco N.V. 

m) incAsla N.V. — 


W) Inleracu Fund 

wl interface Fund Ltd. . 
d) intertundSA. 


«v) Intermarkel Fund 

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(w) iniereecSA 

(d> Invasso DW5 


r 1 invM.1 Attantiaues , 
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ECU 
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_d) KML-II High Yield 09/30/88 S 

(wl Korea Growth Trust ft 

' » 1 LACO International — ft 

.d ) LtauJOoer — — ft 

(wl Luriund S 

(mi Lynn SeLHaldlnos SF 

f ml Mura LM S 

(d ) Mediolonum SeL Fd. S 

(w> ML-Mor Lav H YM. ft 

:d INCA FUND S 

Iw) Nippon Fund s 

wl NMT Citadel Bond Pfi. _ SF 

a >nm inc, &Grewm Fund— S 

f d 1 Nomurp-Cao Int Ea Fd s 

' d I Nordmlx . 


Im) Nbstec Trust s/3 , 
NSP F.l.T. . 


(ml Opnenhelmer UXArtL 

(ml owripoh Perfor. . 

(w) Pancurrt Ina j 

iwl Protected Perfor. Fund ft 

(w) Ouantvm Fund N.V. S 

(dl Rontinvesl - LF 


17.74 
52X82 
211.96 
9.18 
125X7 
182787 
157 JM 
33X14 
7JI 
10X5 
1110 
10-01 
1160.16 
12X84 
3X82 
35X62 
2439 
287480 
57.78 
14X0 
9625.99 
3X96 
Y 10659X0 
ft 201.77 
?JS JB) 
22280 
1004.73 
3X90- 
6.10 
163X00 
9194 
I06JM 
7X28 
32J5 
*64 
1BJ* 
109X0 
10586 
1X71 
11X2 
ut «mu» 
ft 90JW 

s 244X0 
f 117.95 

5 1021J3 


Rea.( Guernsey) Dai. Inc td s 
Samurai Portlala — — - 5F 
Sanya KteJtonln Fd - ft 
Sarakreek holding . ft 

SCI/TerttSA Luxembourg ft 

Soectrotund Ud. j 

Stella Fund ■■ S 

(« i Strat inn Geld Fund SA _ ft 
(w)5u&se* Avantl _____ { 
(W) Sussex Silverman j 

w) Techno Growth Fund _ Sf 

“ ' Temoletw Glob Inc. 5 

Transas Gold Mine Irrv. s 

Transpacific Fund .. — ft 

Trans Europe Fund FL 

Tudor B.V1 FulureiLTD _ ft 

TurauoHe Fund ft 

TwegdyAbwne ru,cui _ s 
I wj Tweedv^rowiiB n,v.Q8 _ 5 
}rn)Twesdv.Brownftu.K.)n.tf. s 
(di Unico inv.Fund _____ dm 
I d) Unico Eauirv.Fund ___ Dm 
( d) Uni Band Fund — _____ ft 
* > Uni Capitol Fund j 


■) Unlvers BondsH 
Iw) Unoyke Fund Ltd. 
|w) Vanderbilt Assets 
d ) Vesper Flu* 


Dm 
. s 
. s 

(w) Victoria Holdings Ltd Z— B s 
(w) Wiiierbondcopiiat . . s 
Id ) World Fund s a. _____ s 

fd) World Bataneed FundS A s 


(mi 2weta inn LM . 


99X0 
. 0.76 

11 87X77 
114S30 

2sSS 

9X0 

33JO 

1782 

1X74* 

611X0 

7J9 

1652X0 

948X0 

64.70 

iai6 

23X16 
4X79 
306187 
19383 
327198 
1MX43 
1299,92 
7X32 
. 5X47 
1661.97 
1595X2 
124.12 

3® 

822X00 

10 02037 

2U4 

S 73,753X0 








J Page 12 


INTERNATIONAL HERALD TREBUIVE, THURSDAY, OCTOBER 6, 1988 


** 



p 1 

i V TC 1 

1 

f 

ll 

i Liarutureb 

| Via The Associated Press 


Seaton Smsn 
Hton low 


OctS 

Open Higti Low dow CW- 


GfOins 



A luxurious, 
useful gift for executives 
on the move. 


WHEAT (C8T) 

5800 Du rtunfenum-Clof lari per busbel 
+32ta 28* DM +2T-; 477Vj OOTi +3$ta +JQU 

AM 233 Mar 4 37 *33 UK) OIL +JMU 

470 133 MOV xayu AJfPfi *02 *Otfa +JJ*'& 

1*5 127 J»l U1 111 U3 Ui'i. +XO’m 

XJE 150*0 Sep __ 149 +83 

Ett Sales Prev.Scte rail 

Prev. Dav Open Ira. 7+310 
CORN (CBT) 

5800 bu mini mum- dollars per bushel 

its t+rs Dec mvi 2 sj mw xrjvj —jn 

Mar X98V Ut*4 2J7 1*7*. — 014. 

MOV 38(Ni UK 199 l«ft — JQlAt 

JUl 2*7 1W.1 2tA 3».S — XO 

SCP 274VZ 175 172 173 — , 81* 

Dec 2J»ta 230 157V £51 —JO* 

MOT 2541* 24W> 264 £M — flOD 

Es+Saies Prev. Sates 51330 

Pi**v Dov Opm Ift9 JJ7JB? 

SOYBEANS ICBTJ 
SAD bo minimum- dollars Per bushel 
1(166 4,99*4 Mov 123 UCi 1711* 123 -04 

KUI S53 JM U< WOW, «1 U70 -.W* 

T0LZ3 579 MOT 145 lift 137 8JK — .04 L> 

1003 6691V MOV M3 143 134 BJ4 —JEW 

936 767>*j JuJ 133 «4'/j 124 124 -88ft 

Ml 733 Aim 117 119 113 113 — JEW 

135 741 S« U3 744 7J* 736 —.04 Vi 

7.93 $63 Nov 774 751 771 "r — JD 

748 753 Jon 759 —.03 

Esi. Sows Prev. Sain 44554 

Prev. Dav Open In). 

SOYBEAN MEAL ICBTJ 

HKl Suns- dollars per ton 

m00 15950 Oct 26+50 25950 245J0 2H78B +50 

Dec 246.00 MV80 34530 266.98 +J20 

Jan 244J30 36&SJ 7/030 23*30 +40 

Mar HOBO 7ft2.no 259 JO 26070 +-* 

MOV ZStDO 25+80 25250 25100 + JO 

Jul 24+00 2SUW m00 24+70 +.« 

A|» 10.00 KLUO 2030 MOJO +130 

Sep ZJ 2 J 0 232JM ZMU» 230J70 

Oct 227.00 227 JO 227 JW 226-00 +150 

Dec 218.30 21100 214J0 21100 —250 

Prev. Sales J 1 JS 1 

Prev. Day Opm lnt 77519 


huh 

UB50 

150.T5 

14550 

I43L5S 

13955 


LOW 

11254 

11X13 

11450 

11450 

11950 


Open Htoh Law Close Cna. j 

Mar 12555 12650 12155 124-2 

SK i32 «+» inn i«n 

Jul 125J0 12175 12450 

Cass 

Dec 13X75 12175 12X73 13100 


Season 

HKHi 


Season 

LOW 


Oaen HW* L 0 + 


Close O* 


BBITISN POUND (IM4M 

-E U39 »*» J 

i,n 15*20 1+7*4 pec i4»" JtTfr iuh 1 *771 


Est. Sates Prev. Sates 4542 

Prev, Dov Open Inf. 22519 art 830 
SUGAR WORLD 11 (NYCXCBI 


12450 


+145 

+50 

+150 


*.4*7 



The aesKMiiary 
that picks up and goes 
wifliwu 


SOYBEAN OIL (CBT) 

MUMOEbs* Miars per 100 lbs. 

3430 1755 Oct 2465 2MS 

3455 lO Dec 2450 2455 

3X95 2175 Jan 2555 2555 

3X40 2HA5 MOT 2SLS4 2XS5 

3100 2X45 MOV 2X90 2X90 

3X50 2X45 Jul 2115 2115 

3X05 2X15 AM 2X9Q XXflO 

2930 2X00 Sep 2X90 2X90 

ZB.BO 3X75 Oct 2X10 2X10 

2X55 2X90 Dec 2X15 2X15 

EsL Sales Prev. Sates 11592 

Prev. Oav Open InL 8X505 


2X97 

2433 

2+62 

2X11 

2X55 

2X75 

2X40 

2173 

2490 

2450 


2391 

2437 

2442 

2X25 

2X55 

2X75 

2540 

2X75 

2437 

2430 


-.40 

—JO 

-35 


-■40 

— 21 


Livestock 


Half your life’s story — or even 
• more — is inscribed on the pages of 
your desk diary. Yet when you travel or 
go to meetings, most desk diaries are toe 
cumbersome to take along. 

■ That’s why the International 
•Herald Tribune — constantly alert to 
■the needs of busy executives — had this desk dia- 
' ry especially designed for its readers. Bound in 
luxurious silk-grain blade leather, it’s perfect on 


find 



No voluminous data and statistics are ! 
included in this diary, but on the other ; 
hand a removable address book saves 


5X45 

Oct 

7280 

7X57 

6*125 

cec 

7+2S 

7+47 

45.10 

Feb 

7480 

7457 

6780 

aw 

75,05 

7X55 

6530 

Jun 

7+07 

7+S5 

AKOI 

AW 

71 JO 

7280 

7030 

Sen 



69 JO 

Qct_ 

7180 

71 JS 




it weighs a mere 340 grams (12 oz.). 


mest attache case, and has gilt-metal 

Per- 

marvelous 

gift for friends, business contacts and associates. (Note 
that quantity discounts are available) Please allow 30 
days for delivery. 


CATTLE (CMS) 

4aooo Os.- cams eer nx 
7X47 

Hi 

££ 

7X20 
7250 

74.11 _ 

Est. Scan 19345 Prev. Sato 298S9 
Prev. Dav Opm hit. 7X003 


FEEDER CATTLE (CME) 

44500 IbL- coals ssr lb_ 

9X90 49.73 Oct 8255 

S45S 7025 NOV 8310 

9435 7450 Jan 8X05 

8333 74JG Mar 8250 

8X45 7X25 Aar 81.70 

8150 7450 Mar BOAS 

79.90 7830 A kb 79.90 


Ev. Sales X7C4 Prav. Sates 
Pr«v. Dav Opm im. 11.157 


HOGS (CME) 

30500 tbs. - cm Is per It. 


8235 

8330 

B4J0 

n.90 

87.10 

90.90 

79.98 


licmlbSSribunc, 


4+40 

3740 

Oct 

3**0 

4X45 

4085 

3+30 

Ok 

4285 

43.12 

5280 

4180 

Feb 

4587 

4+15 

S1A5 

4060 

Acr 

4473 

44 95 

5+25 

4X50 


4+90 

4+90 

5+X 

47X7 

Jul 

<953 

4950 

$180 

4125 


4JL5C 

4S5S 

4780 

43JC 

Cc? 

4513 

4510 

El! 5o« 

+ra Prev. Soto " 

644 


International Herald Tribune, Karen Diot, Special Projects Division. 
1 8 1 Avenue Charies-de-GauIle. 9252 1 Neinlly Cede*. France. 


Prev. Oav Cser Ini. 339* 


PORK BELLIES (CME) 
aura is?L- cxmpcr a 


INITIALS 

upto3pcrdan. 


Payment is by crafit card oni> . All major cards accepted. Please send me 
; (Please note that French residents may pay by check 

’in French francs, at the current exchange rate. We regret 
_that checks in other currencies cannot be accepted.) 

Please charge to my □ Access Dvisa DAmex 
credit card: DEunxardD Diners DMastoCard Name 


1989 EHT Desk Diaries. 


Price includes initials, packing and postage in Europe. 


67 X 

4+43 

Fet 

SC.:? 

SC4C 

4+35 

4+75 

Mar 

S3 >5 

SCJB 

6+75 

JC 

MOV 

5I2S 

S3) 

MJC 

»3S 

Jul 

SUE 

33.10 

as 

47o: 

Aw 

SI 25 

5)25 


EM. SeiM XBT prev. Sates jam 
P rev. Dav Coer, iai :sj3l 


71.*0 

7X9S 

7X90 

7550 

7X97 

7135 

30.90 


11J0 

8290 

8330 

8230 

8L70 

8050 

3*40 


3*J5 

4X15 

4545 

443? 

4930 

48.95 

4&00 

45.10 


49.10 
4*73 
51 JC 
5137 
S09G 


7X02 

74J5 

74.15 

7X45 

7447 

71.95 

7130 

7135 


5172 

9232 

8332 

9X77 

sxoa 

80.70 

7970 


eisn 

4X40 

4533 

4442 

49.79 

4930 

49X5 

45.10 


4945 

49 SI 

5132 
5X13 
31 JO 


-05 

-JC 

+.19 

+.17 

+35 

+45 


—43 

—33 

—.10 

+.15 

+95 

-30 


+43 

-32 

-as 

—39 

+.1£8 

—.10 


1 1X000 id*.- cents per Rl 

1580 

135 

Jon 

1+3* 

784 

Mot 

1X64 

787 

MOV 

1160 

MO 

Jul 

1X30 

+45 

Oct 

980 

SOD 

Jon 

980 

+9* 

Mor 


933 

942 

93S 

9.K 

•JM 


933 

*33 

945 

933 

f.15 


£•• X99 

Est. sales 10.191 Prev. Sam 12995 
Prev. Oav Open lnl.1 13404 up 597 
COCOA (NYCSCE) 

1 0 metric tons- loer ton — 

2197 1103 Dec 1!» l» 

3088 1125 Mar 1190 1231 

2088 1152 Mav 1217 1250 

U75 11H Jul 134$ 2*0 

1850 1204 Sea ^ J273 

1715 1240 Dec 1300 1313 

1313 1305 MOT 1330 1334 

Est.Sala 11.144 prev. Sato nil 
Prev. Dav Opm Ini. 37.744 off H9 

ORANGE JUICE (NYCE) 

IXOOa Ibv-CCTlKPer It). 

18X50 UX00 NOV 191.1 

17X75 13X00 Jan 173X 

17440 13*30 Mar 1704 

17330 14*90 Mav 149.9 

17190 14245 Jul M99 

170.10 14190 Sea 

Jan 
Mar 

EU. Sato 2300 Prev. Sato 


943 

942 

9.10 

*91 

1*1 

aw 


1148 

1183 

1210 

12X1 

I25S 

139* 

1330 


941 

9.45 

*4* 

941 

999 

119 

L93 


1229 

1227 

124* 

1275 

1295 

133$ 

13*5 


+0S 
+.10 
+J* 
+99 
+94 
+.04 
— JU 


441 

+42 


MS* 

3217 

91*0 


930 

831 

81*0 


| P?iv oTvOoenlnL 1-CSiP 

I CANADIAN DOLLAR (I MM) 

\ % 'S3r'rgr£* u & 

l UN .7510 Nto 

! »?.14 Jun 

I 8251 .7*48 SOB 

3140 .7928 ,P4C. 

J E|| Sfl M Pf#v. SdWl 

j Prev. Day Own iw 

FRENCH FRANC UMMI 
5 per franc - 1 OOml waHKOOOOl 

,4420 .ISMS Cto 

jsIS .15*33 
Est. Sato pr*u.S«to 

Prev- Dav Open l"» 


\tst 


41*4 


*MJ 


led 

I ACT 


exu 

MXi 
Al 21 
iur 

8117 


I9TU 

urn 


-12 
-11 
-17 
— U 
-13 


a 


+4 ! GERMAN MARK (1MMI 


+40 

*39 

+43 

+42 


I'lrs-w”” 

I ITS «n Msr W 

jOi 


w 

JMt 


Prev* Soto 19.717 


3*03 

54M 

JM 


19340 17940 mg» 


Prev. Dov Open inr. 9A2* alien 


_ — 5J0 

nxeo no40 im*o — xio 

1 170.95 147.95 14Xffl -XI* 
) 17X40 14790 U+{S -ZJ0 
1 14990 14998 l*X» 

14595 +180 
1*0.95 +45 

14<L95 +45 

2912 


Metals 


COPPER (03MEX) 
2S900 ibx- anis per Bl 



10980 

Oct 

11+29 

12080 

■ 1+25 

11080 

11080 

N6v 




11080 

4470 

Dec 

10950 

11 170 

10780 


4670 





10180 

4+50 

Mar 

niaio 

101JD 

91*0 

*720 

7X1$ 


9480 

9750 

9X40 

9+S0 

7370 

Jul 

94.10 

*+10 

9X70 


7+00 

5«p 

*480 

9+80 

9480 


77-*5 

OK 

*180 

92M 

9180 

Est. Sato 

7800 Prev. Sain 4A<3 



Prev. Day Open Ini. 3494* 
ALUMINUM (COME XI 
AUMOtto- cents ow lb. 

Oct 9990 
Nov 
7X73 Dec 
8480 Jan 


11X00 

8*30 

T08JS0 

9400 

OftJO 

94.75 

BX50 

8X50 


9480 10X00 9X40 


exw 

«M0 

94.90 

9190 


9990 10X90 

K 

9990 


+18$ 

+1.10 

+.95 

+J0 

+J0 

+J0 

+J0 

+80 

+90 


+490 

+590 

+4JQ 

+XSO 


8*U 

914* 

3445 

Pri^DarONftliit 3293* 

wSfioTs** 0MU2 oma 

sis ss Jsrsssffi:!sK?|S 
— 

Prev. Dav Oa*n uit 3X>u 
SWISS FRANC (IMM) 

s iSS IX ss 5S S? 

Eufsato PrrvSoto w 
prtv. Dory Open ini. 30033 


J 


lndustrlol» 


lumber (Cmii M 

.7X50 !3S ms 


tsttSia JO» 


17*90 177 10 1 74 JO 1JJ* —3J 


jur 17710 17400 Keeo itx*9 

MOV iraoo 19990 lT1K 

tooo iei;» Jul inn !5“ 


9X50 Mav 
8390 Jul 
82 JO Sap 
BU0 Dec 
9X50 Jan 
Mar 
Mav 
Jul 

Esi. Soles 19 Prev. Sato 
Prav. Oav Oaen Ini. IBS 

SILVER (CDMEX) 


94.90 

*090 

TO.00 


9430 

9X50 

9X50 


1(780 

HX» 17190 
18490 170.10 

ia 2 .oo sSi. i»w vmo '»» 

j EiL Sale* L« Prev sgei 401 
I Prrv.OavQaenim. 5J58 
I COTTON 2 (NYCE) 

50.000 H».-cenii per uy 
Jiao 5090 oa a« 

TO20 4145 Dec «JS 

' 48.90 TO*0 Mar gAl 

I **» 4991 MOV SXW 

1 *150 4*24 Jul 5X00 

sdS «» saw 


r:8 

=#. 


S3 


5XM 

5290 

5270 

szao 

SUB 

SX9Q 


so n DOC 41W $X*s 


5489 

5180 

5140 

5199 

5295 

5XIO 

SX90 


5X79 

5193 

510 

aal 

5345 


4598 

61+0 

OCJ 

4148 

6148 

6148 

<298 

+58 

650.0 

4248 

Nov 




43<8 

+58 

109X9 

4048 

to 

4318 

4415 

048 

43+5 

+38 

1098.9 

4395 

Jen 




4414 

+58 

107X0 

<318 

Mar 

4478 

65+0 

4398 

453J 

+58 

*6X0 

6458 

Mav 

6565 

49+5 

4528 

44X2 

+S8 

9858 

4548 

Jul 




4717 

+58 

0618 

6618 

Sep 

61U 

47 08 

6M8 

48U 

+58 

8868 

6(08 

Dec 

6995 

48+5 

(985 

499.2 

+58 

8158 

6TO0 

Jan 




70+2 

+58 

91+0 

7008 

Mar 




7156 

+58 

*108 

7378 

May 




72+0 

+58 

7615 

7400 

Jul 




7345 

+58 


EW.Soto 6SX0 Prev S^as 1*18 
prev Dov Op en Ini. $7,835 UP 282 
HEATING OIL(NYMS) 

4xomaoi- cenle p*r oai ... 

5,-40 3730 MOV $790 »J 

S7W 3SA0 DVC AM 

51.50 38.95 Jan 

5140 7*95 Feb AN 

SOJ0 3775 MO r »J5 

5000 34.70 APT AH 

47J0 3X80 MOV J5.ro 

4+90 35.40 Jun 3XTO 

47.00 3X70 Jul 3X25 

4+00 3+30 AM 3X70 

42.45 39.70 Sea 3*40 

3BJJa 3*90 Od 37-30 


+35 

=sa 

—Mg 

S89 '~:S 

3w — 1 03 

53.43 —33 


$2 

M40 

3590 

3X31 

3X40 

3*20 

3*40 

3720 


Est. Soles 17900 Prev. Soto 11,928 
Prev. Oav Oaen lnt. *4.113 
PLATINUM (NY ME) 

SDIrav ax.- dollars per trav at. 

44 7 JO 45200 Oct 51090 51120 50290 51090 

44490 45*90 Jan 507 JO 511 JO 50190 5UL40 

44150 49X00 Apr 51X5D 51X00 50+50 51X48 

*47.50 50190 Jul S2090 52090 51490 5X1.10 

544.00 50790 Od 52790 

Esl.5aies Prev. Sato $9*5 

Prev. Dav Open lnt. 20,144 off 578 
PALLADIUM (NYME) 

100 rrov az- dotlors ear oz 

13* JO 1B4J0 Ok 11*90 HMS I19J0 11*93 

U290 1I5J0 Mar IfUO 11*90 11790 11X50 

137.75 11490 Jun 1I7J0 118J0 117J0 117J0 

13290 11490 Sea 11*75 

Est.sates Prev. Sato 551 

P'av.Dav Oaen ml. 4.174 oH374 
GOLD (COMCX) 
lOOirav ai.- collars per hev oz. 

40190 3*590 

4B2.TO 


—20 

53350 

1*190 

OCt 

39+ib 

40180 

—50 



NOV 




$44 DO 

3*550 

Dec 

40X20 

«S60 


54*50 

40180 

Fee 

404-0} 

410.70 


530.00 

407.D4 

Aar 

41*50 

4IS80 


57080 

41280 


41+00 

41*80 


57X00 

41950 





575 JO 

47100 

Oct 




SUJ0 

40600 

Doc 

431.00 

43X90 


51600 

43*.7D 





52590 

44X00 

Apr 




*77 00 

44700 







AW 

45380 

45380 


42*10 

431.70 

437.10 

44X70 

44030 

45430 


Est Sales 40900 Prev. Sato 
Prev Dov Oaen IM.l40.700 


—30 

+90 

+1J0 

+130 

+130 


+90 

+35 

+35 

+35 


*7.10 

+290 

+390 

+240 

+290 

+290 

+290 

+290 

+290 

+790 

+390 

+290 

+390 


Eli. Sato Prav. Soles tX3s3 

to*. Dav Odm inf. 9*304 Of* 3341 


M42 

1935 

1X20 
1*10 
1X95 

iag 
1793 
M90 
1740 

Esi. Soto " Pr+v. Soles 8X1 SS 
Prev. Dov Opm Inl34294* 


dorian per MU. 

1X77 

1210 


Dec 

1260 

1260 

1X57 


1255 

1X41 

1264 

Feb 

1264 

1170 


Mar 

13J0 


12.7$ 

Aor 

1195 

1X85 

1287 

Mav 

tioo 

1380 



12*0 

11*1 

am 

jm 

130) 

085 


$790 

3795 

lass 
3X95 
37 0B 
3*00 
3525 
3+75 
3X2* 
3UB 
3*40 
3735 


1X29 

1X1$ 

1X20 

1230 

12.45 

1740 

1X74 

1795 

12*0 


37.90 —J? 

3XW —.4* 

Xm 

3935 -JO 
1740 — 31 

3*3$ —31 
3545 —JO 
3X25 -35 

as 40 

3*30 +90 

3*40 -35 

3725 —JO 


vu: 

1X44 


—41 

—a 


& 


>.« 

1X74 -J1 

1294 — .IS 

Hi- 


!?£ 

12*0 


Stock Indexes 


1-4 

5-9 

10-19 [ 

diaries 

(fiarics 

diaries J 

U.S. S3Veach 

UJLS37each 

USS35eai J 


oulsuleEarapF 

L’5S7cadi 


Oalbtfi«4i<ei 

oasicieEmpes 

"LHUnl ti rV ut 1 

SCpe: order 


| SP COMP. INDEX (CME I 

| ^HJ4 Wd S D*« 373J0 37X05 2*1.10 IBB 
aOJO 253*0 Mar 27590 777.30 J7445 27+TO 

78230 24390 Jun 277.40 ^.40 27**0 27X13 

Esi. Soto Prev. Sam 2*911 

1 Prev. Dav Open lnt. I I&V43 
■ VALUE LINE IKCBT} 

I Dew 54490 21720 5*590 34* W 

25190 34QJQ Mar 250.40 350.43 349.10 25090 
Es(. Sato Prev. Sato 49 

| Prev. Dov Open ini. 1-553 
: NYSE COMP. INDEX (HYPE) 
i oatafe amt cents 

7 1TO2S 11390 Dec I54J0 15X39 15X70 19*90 

, 15*95 14*25 MOT 15595 15*95 l».W U*Jfi 

' 15*90 14*10 Jan 13720 15*00 15*90 1*745 

13*90 15*90 Sep 13*. DO 

• Eel. SOSes Prev. Sato 139* 

, Prev. Dav Open lnt Ms* 

i 


=3T 


Food 


Financial 


Commodity indexes 


CardNa. 


Exp. date. 


(CM BLOCK LETTERS) 

Address 


COFFEE C (NYCSCE) 
J7JOO U3-- ser?^ eer S 
I S3 35 HCJ5 0*3 


US T. BILLS IIMMI 
tl million- o«s of lOOncf 


:2s*c 1X95 iaa -1.17 


Signature 

(oecnsary for craft cud purdaso 


City/Code/Countiy 


6-10^8 




*+c« 

*3 43 
*149 
91 1$ 
*171 
*390 
TOJI 

Esi. Sato 


•1.17 
•1.25 
*1 *f 
*193 
919* 
*183 

*t n 


Dee 

Mar 

Jun 

Sea 

OK 

Mar 

Jan 


91*5 

*1*5 

*157 

*2.45 

*134 


W*7 

*172 

*157 

*245 

*234 


*241 

*X*7 

*25? 

*291 

*224 


INTERNATIONAL 

MERGERS 

ANDACQUISITIONS 



A raspr international conference 
oospwisored by the International Hei^ 
and Skadden, Arps, Slate, Meagher, ami Flom 

LONDON, NOVEMBER 10,1988 

The last two years have seen a dramatic upsurge in inter- 
national corporate mergers and acquisitions. As the number of 
such international transactions has increased, the use of hostile 
tactics has also begun spreading rapidly, even among European 
and Japanese companies. These developments present business 
executives and public officials with important challenges 
and opportunities. 

The International Herald Tribune and Skadden, Arps, Slate, 
Meagher and Flom have developed an exceptionally timely pro- 
gram which will address the effect of this new wave of inter- 
national mergers and acquisitions upon business strategies and - 
public policies. 

A (fctinguisbed group of speakers wffladchess the meeting indudmg 
Joseph Flom; 

Skadden, A rps, Slate, Meagher and Flom 


PHILADELPHIA EXCHANGE 
Option A Strike 
Uaderlvi** Price CntH — Loti 

Oct Nov Dec Od Nov Dm 
S am Australian Ooflon-centvaarBafT. 


Oa. 5 


ASoiir 

?S 

r 


r 

r 

r 

077 

793* 

n 

r 

r 

r 

007 

r 

111 

7*74 

re 

r 

t *2 

:xs 

r 

TJ 4 


7*74 

K 

arc 

* 

083 

r 

r 


7974 

s: 


cj: 

065 

r 

r 


7974 

s: 

r 

r 

1 ZS 

r 

r 



1335* Britisn PounOs-cetUfi per BOIL 
BPcund 173 C93 1JB r 

14*80 175 r r r 

3US0 Bfiinh PuunOvEortJBenn style. 

149*0 173 r 1 JC r 

58900 Ca n a di an DaUarvcena per ralL 


29(1 

495 


*4-7 


98- 11 

99 - 1 

97-19 

974 

84-21 


CDollr 

II 

r 

180 

r 

r 

r 

r 1 

8 X 73 

83 

r 

r 

r 

aw 

r 

r » 

5273 

S 3 ' * 

r 

r 

0 - 9 0 

an 

as 

085 i 

8273 

S 3 

r 

061 

OA 5 

r 

r 

r ! 

8 X 73 

B 3 't 

r 

07 B 

r 

r 

r 

r 1 

8273 

84 

r 

0-15 

r 

r 

r 

r | 


I 42J09 west German Mana-centi per anfL 
: D Marie 49 r r r r 

, 5395 52 r r r 0J)2 

S395 S3 r r r 0JT> 

5395 54 ai* 0J0 r 0J2 

5395 SS r XU 0J4 r 

5395 54 r 007 02* r 

*250jwo J a pa ne se Yen-TOBlfts of a cent per Mil. 


027 

(US 

1J9 


JYen 

72 

r 

r 

r 

081 

087 

7 JD 0 

73 

r 

r 

r 

083 

M 2 

7 S 80 

74 

180 

r 

r 

087 

QJ» 

7ioa 

73 

US 

r 

r 

OJS 

064 

7 ioa 

74 

0 J 87 

<L 38 

093 

r 

172 

7 X 80 

77 

081 

0.19 

r 

r 

r 

7580 

79 

r 

r 

025 

r 

r 


*1500 Swiss Froncvcenls per unit. 

5 Franc 42 r r r r r 

4X18 43 r 091 r 0L5E 0J2 

4119 44 r r r ILN IB 

4119 45 r r 094 r r 

4X18 97 r r 8 M r r 

Total call vox 7901 Coil open lot. 

Total pet to. 14990 PutapeaM. 

r— Not traded, s — No oat lad ottered. 

Lost Is premium (purchase price). 


XZ7 

077 

094 

a*i 

1 J3 


022 

0.41 

094 

IAS 

192 


084 


iota Prev. soies i.w 

Prev. Dov Oaen lot. 20475 
10 VR. TREASURY (CRT) 

SKKMMOprln- pls&33nOsol 100 pci 
*4-12 ^>-5 OK *4* *+» 

9+4 8*74 Mar 9+2 94-9 

*3-35 B®-9 Jun 9»3$ *127 

*3-11 89-13 Sea 

EM. Sato Prev. Sato 10.925 

Prev Oav Oaen tat 91915 
US TREASURY BONDS (CBT) 

15 acts 10X000- PH X Kmtiot in pen 
*9-3 74-1 Dec 89-34 8*4 

95-14 72-20 Mar 98-5 99-30 

»4J 73-11 Jun 97-27 W-2 

*3-16 73-34 Sea 97-11 97-30 

93-23 73-18 DOC 90-J0 87-4 

99-31 73-1 Mar 94-14 94-14 

*6-13 75 Jun 94-10 6+10 

97-30 79-1 SOP *5-29 95-39 

B+32 90 DOC 45-13 95-13 

XI- 79 79-31 Aftor 94-39 9+39 

93-16 82-19 Jun 84-17 9+17 

EH. Soto Prev. Salesmen 

Prev. Dav Oaen InL 

MUNICIPAL BON 05 (CBT) 
lino* Index -art 8. 32ndsar 100 act 
55"2* D*« BP-17 89-31 B9-U 

97-23 IB- 25 Mar 87-24 8X8 87-54 

B4-J 77-4 Jun 84-18 >4-18 84-12 

9+21 78-6 Sen 8+22 85-7 8+22 

, il-l* to. 83-22 93-31 93-20 

EH. Sales Prev. Sato 1J» 

Prev. Day Open lnt. 1+951 

EURODOLLARS (IMM) 


*2.42 

9X43 

•2J7 

9X41 

9X2S 

*XJ) 

9124 


9+8 

*3-3* 

*3-18 

*3-4 


98-21 

984 

87-30 

87-5 

■4-32 


-<H 

--01 

-.01 

+A3 


Moody's 
Reuters 
D.J, Futures 
Com. Research 
Moody's : ease IDO 


Clue 

lJM340f 

1-857.70 

13191 

m7t 

DOC. 31. 1931. 


Previous 
1.06X40 f 
1452.60 
136.09 
mtf 


» - prellmlnorv; f - final 
Reuters : test 100 : Seo. IX 1931. 
Dow Jones ; base ICO ; Dec. 31. 1974 


E5 E3 


85-13 

8+19 

8+7 


» 

8+19 

8+7 


i*-24 

88-1 

84-14 

S5-J 

83-25 


3 ! 

—1 : 


3* 

3; 

4 1 

—1 i 
—1 . 
—1 ! 


+12 

+14 

+14 

+18 

+20 


*107 

0961 

to 

9154 

9176 

9171 

*172 


9X71 

89.29 

Mar 

9174 

91-38 

*173 

9U4 


9X12 

•9.19 

Jun 

9182 

917* 

*170 

*171 


9182 

89.00 

Sen 

9I8S 

9187 

*183 

9183 

— 81 

*174 

88.** 


9088 

90*0 

9087 

*087 


*162 

8+90 

Mar 

*0.91 

90.93 

9089 

9089 

—81 

*150 

8+82 

Jun 

9083 

9085 

9082 

9081 

—81 

*160 


Sea 

9076 

9078 

9075 

•074 

—81 

*1J1 

9005 

to 

9068 

9068 

9067 

9066 

—81 

W.99 

M.9S 

Mar 

9067 

9067 

9066 

9065 

—81 




9060 

9061 

905* 

905* 

—81 

*057 

ML28 

Sep 

9057 

9057 

90S 

*055 

-81 

Est. Sales 

4+778 Prev. Sates 3+230 





Prev. Dav Opm 10+44X705 


TO OUR READERS 
IN HOLLAND 

The International Herdd 
Tribune snow on newsstands 
throughout Holland every 
morning six days 
a week Monday-Satunclay. 

If you have problems 
getting your copy, 
please contact: 
Edipress International BV. 
Wilhelmindstraat 1 3rd 
201 1 VH Haarlem 
P.O.Box 363 
2000 AJ Haarlem 
TeL (023) 32 23 41/Tx: 41 833 


ALUMINUM ASA 

gfrto* per metric ten 

I 270 ^? 128080 127X00 128080 

Forward 124080 125080 12(080 |S 

Starting per metric tan 

wot 153X00 154080 153200 154080 

ornKSfi ISSSei^;- - 

Mt+iiDO pot metric S. ^ ,n2aoar °’ 

, ] 51 5.00 1S25JJ0 151580 152580 

144580 145580 144580 1^80 

s iBi -nnp pgr metric tap 

g" ■ ■ 378J0 377 JO J78J0 

NICKEL ®480 37+50 37480 37+50 

DoUare par metric tan 

’2SS ’22S ’SSS 1,150 

siTver! 9891 W0D * B0 7900 

UJ- c«nt4 per trey WMt 

wa> 61380 61480 61X00 61680 

iSSTtHtoGrttof^" ^ 

stwlino per mefrictoe 

SEl™, J3SS !3SMS J3S59 

™ward 127380 127780 127580 127780 

source: Ap. 


SUGAR ^ ^ 

Freect, francs per metric ton 

DOC 1800 1J73 1 J7D 

Mar 1J39 1828 1J45 

Mav 1 J 35 N.T. 1 J 40 

Aub N.T. N.T. 1 JB 5 

Oct N.T. N.T. 1 J 55 

to N.T. N.T. l^H 


ante 
BM Ask area 


1JSB5 

ts 

jig 

1865 


+ 17 
+ 13 
+ 14 
+ 13 
+ 19 
+ 1J 


EsLwl: 1,130 letsof SO tons. Prev. actual 

sates: TJ36 Onen Interest; lftgja 

COCOA 

French francs per 100 ks 
P« N.T. N.T. 925 _ + J5 

St St' S2 “ +15 

N.T. N.T. TOO — xk 

N.T. N.T. *15 _ + ,5 

N.T. N.T. 9B — +lf 

N.T. N.T. 9SS — + 15 

N.T. N.T. 97S - +15 


Mor 

Mav 

Jiv 

Sea 

to 

Mar 


j London Metals j 

j Goinmmlities 

■ London 

| Commodities 

j Spot 

1 Commodities 


Oct S 

_0ose Previous 

OctS 

Oct 4 


gMW^tamPzMDMoUnca 

COFFEE 


LLS-Treasuries 



former Presidential Assistant^ 


U.S. Securities and 

Ambassador Alfred H. 

U.S. Ambassador to the EC 

Robert Maxwefl 

Chairman, Maxwell Communication Corp. pic 
Dr. Hans Dahm ■ ■ v.i« . .--a 

Senior Vice President, Westdeutsche Landesbank Girozentrale 
John Hennessy 

CEO, Credit Suisse First Boston 
George Maganr=f 
Director, J.O. Hambro Magan & Co. Ltd] 

Sir Michael PalKser 
Chairman, Samuel Montagu & Co. 

The Honorable Peter Peterson ! 

Chairman, The Blackstone Group 
Bruce Wasserstem; 


Oct s 


30-vr.tmd 


Discount 


Prev. 

BU 

Offer 

Yield 

Yield 

773 

771 

767 

767 

7 JO 

7 M 

780 

7.10 

IS 

755 

+14 

+14 




Prev. 

■la 

Otter 

Yitta 

Yield 

10122/32 10134/32 

+94 

+94 

Won Brufncfs. 




FrencefroraparHOirfl 

Nov 

17QS 

N.T. 

Jon 

N.T. 

N.T. 

Mar 

N.T. 


May 

N.T. 


Jtv 

N.T. 


Sea 

N.T. 

*>: 


N.T. 

N.T. 


1800 

1.190 

1.194 

i.ias 

LIBS 

1.190 

1.185 


1.225 


I JOS 


+ 2 

— 27 
— IB 

— 12 

1 JM — 8 

— Unch. 
— S 


n^2liil2!f < li* #ns ‘ Pre¥i0,:t i« | * oJbs: n - 

up®n miertsf: 0!L 
-Source: Baurea d# Commerce. 


Chairman, Wasserstein, Perella & Co. 



. telex J5 ( 44n319 ^ 

'”* l Swk 0,w “ 

63Long^ cre ’ 


OKideiKls 


0a. 5 

Company Per Amt Pay rac 

INCREASED 

Pst Fefll SVBS BkMt q ,to ID-24 10-7 


Mod) trust 


89 n.is 10-31 


SPECIAL 


Executive Vice President, Nestle SA 


Carnival Cnidn 
Carnival Cruise 

USUAL 

SGSSvslemslnc a 

Sinks Mfa C 

BkKksiona income o 

Blew Core, Q 

CBntraJ 111 PuMS q 

Napa Voitov 0kcm a 

Podflc Enters o 


32 

32 


1-3 12-1$ 
+3 3-15 


85 114 10-14 
85 10-fll 10-17 
8917 10-31 10-14 
.12 1M 1U 
M 12-10 IMS 
87 11-10 TO-15 
87 11-1$ 10-20 
Manual; m-manttrfv; q-quarierfv; Utetnl- 


Swra: UPf. 


France Reports Surplus 
In Jane Trade Measure 

Agence Fnnee-Prtat 

PARIS — France registered a 3.2 
billion franc (£504.10 million) sea- 
sonally adjusted surplus in its trade 
and services payments in June, the 
Finance Ministry said Wednesday 

The figure, which includes trad'. 
in goods and services as well as 
certain financial transfers, con- 
trasted with a revised 3.6 billion 
franc deficit for May. 

The Finance Ministry said that 
including the June figures, France's 
balance of payments for the first 
six months of 1988 stood ai a 5.8 
bilhon franc surplus, compared 
with a deficit of 5.6 billion francs 
for the same period last year. 


COCOA “ UP. 

US. DoUm per matrlc too 
Dec 743 744 744 735 

MOT 776 777 779 756 

» w 37i m 
Jol 103 BD4 BOA 7H 

are 820 123 819 815 

to 860 869 060 955 

MOr 990 895 895 981 

volume: 201 Iota at 50 ton* 


COFFEE 

StartiM per metric tea 
«>v U84 LIBS 1.190 

Jon 1.173 1.174 1.192 

Mar 1.147 1,168 i>(o- 

Mov 1.144 1,145 1,174 

Jet 1,142 1.145 1.170 

5® 1.157 1.140 1.172 

MSJ 1,140 1,147 


Preview 

EU ASK 


733 

756 

773 

799 

909 

8S0 

970 


734 

757 

774 

790 

810 

955 


1.173 
1.145 
1J41 
1.155 
1.140 
1.172 
1.167 

volume: X30B Ms of 10 tom. 


NA 
NJL 
NA 
NJL 

NA NJV. 
NA. NJL 
NA NA 


NA 

NA 

NA. 

NA 


OASOIL 

UA Batlars per metric lea 

,SSn I”-fi 10*80 10+25 liOTS 11180 
rnanS "S'?? 1W8* 1O7J0 lll.H 11280 
.jjft 10980 10880 11(L73 1)180 
N8, 104,® 10880 10+00 1*3875 1098(1 

IMM Jfl 50 N*T. 10+50 11180 
10380 10880 N.T. N.T. 10+00 11180 
volume: ins** lot, of 190 tani 
^^f^enanaLBneoaPc/rvbnmEt. 


Dee 

Jan 

Fee 

Mar 

Apr 

Mav 

Jun 


Commodify 
Aluminum, b 

Coffee, lb 

COPoer etectrefvtiG in 
Iron FOB, Ian 
Lead, to 

Prlnfcloftl, ya 

Silver, troy az 
Steel (bfiwts). tan 
Steel tscrapl.ten 
Jin. 16 
Ztac. n> 

Snurae.- AP. 


Tedav 

183 

1.15 

187 

uo 

£2 

121 

+4*32 


Dels 


089 

117 

1 . 1 * 

21 X 00 

030 

0J0 

+225 

47XOO 

in 

+5H4 

04* 


b^c 100 


Options 


area 
Price 0d 


Cate-Le* 

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s — - 

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Options 

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BUSINESS ROUNDUP 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988 


Page 13. 


Consolidated Appeals to Reagan 

Hostile Mirwrco Bid Is labeled a Threat to tJ.S. Security 

Rnt m “ 


By Waixen Getter 

International Herald Tribute 
LONDON — Speculation arose 
Wednesday about a possible Earo 


— Consolidat- etgoin the transfer of its 

7 ed Gold Fiekb PLC and an affili- Y . 888615 pending completion of 
ate said Wednesday they have ^ mvesbgation. 
wked President Ronald Reagan to . t^nsolidated Gold Fields itself 
Wock a proposed hostile takeover “■* £°‘d operations in South Afri- 
by Minerals & Resources Corn, on ^ A com P ai }y spokesman said 17 
the grounds that arch a buy-out P®* 0 ® 01 of its Drelax operating 
vonld endanger U3. national secu- come from South African 
niy. operations. 

Consolidated Gold fields, based *** u s - president gained the 
in London, and its 49 percent- 

owned Newmont Mining Corp„ XT •- n i 

wteh owns the largest U.S. gold JVlIWait KYflUTll 
mine, have atied t& president to liArtl111 

wraoteamhorityundertbeD^ By Warren Getler ' 

^ t International Herald Tribute 

WnSK2^S^? ned by 8 com - LONDON - Speculation arose 

Wednesday abounTpoSe Enro- 
P^ConmnmitypnSeof a British 
^ rul * n 8 dial ordered the Kuwait In- 
whSrlrfSn^SfS LuL,b°th of vestment Office to slash its stake in 
are controlled by Harry F. British Petroleum PLC, while a 

nritA c ,o . . kwyer/or the Kuwaitis raised the 
UHtsohoated Gold fields said prospect of a challenge to the ar- 
thc proposed acquisition would be der. ' ™ - 

the largest purchase to date of US. A European Community spokes- 
asKts by Sooth African interests man denied a report that European 
and would imperil UJ5. access to officials were examining the lejaii- 
strategic and preewos metals that macy of the decision Tuesday by 
are DA natmoal security, the UX Department of Trade and 

Consolidated Gold fields, which industry, which called for the in- 
said half its assets are concentrated vestment office to pare its stake in 
m the Umied States, produces stra- BP to 9.9 percent from 21.6 per- 
tegic minerals including rutile and c*n« 

zircon. The company said it win ‘There’s been no mproach to the 
soct become a significant platinum commission by the KIO or by any- 
pr 9? uoer i_. j ^ _ . . body else on the matter," said the 

. Consolidated Gold Fields said EC official. He said reviews are 
^ the president has 30 days from the usually undertaken only if com- 
'• date its request was filed to initiate plaints are registered, 
an investigation, 45 days after that The only possible baas for a 


power to block takeovers that 
could endanger US. security under 
the recently-passed US. trade bill, 
which amended the Defease Pro- 
duction Act 

Minorca's bid far Consolidated 
Gold fields was the biggest in Brit- 
ish history. It offered £2 billion 
(about $3.3 biltion), valuing the 
gold concern at £2.9 billion. 


Kuwait Examines BP Order 


in the London law firm represent- 
ing the Kuwaitis said late Wednes- 
day that TOO dearly is not incor- 
porated here. It’s not a corporation 


Surprising Stock Advance 
Follows ManviUe Decision 

/few 1«* Times Service 

NEW YORK — Investors are apparently confused about the size 
cf a stock dilution in the reorgamzatitm plan that ManviUe Ccrp. 
trill follow as it comes out of bankruptcy, analysts said Wednesday. 

The last legal hurdle to the restructuring was removed Monday 
when the Supreme Court refused to hear an appeal of the plan, which 
is expected to be completed by the end of 1988. 

Analysts were baffled by a sharp rise in ManviUe stock Tuesday, 
when it added $1,125 to cod at $2,875 a share. On Wednesday, the 
stock held steady. 

"People remember the classic bankruptcy turnarounds and think 
this will be one of them," said Stephen'.!. Dobi, an analyst at 
Salomon Brothers Inc. Tt won't be. Thera will be massive dilution." 

The stock, which is subject to a 1-for-S reverse split when ManviUe 
completes its reorganization, traded as high as $3,125 Tuesday. 

ManviUe reacted with surprise to the stock activity. "We wonder if 
people are losing sight of the fact the securities are highly specula- 


2 Tokyo Brokers Accused of Fraud 


By Patrick L. Smith 

IntemarionaJ Herald Tribune 

TOKYO — The police arrested 
two stock broken on Wednesday, 
including a former executive at No- 
mura Securities Co., and charged 
them with defrauding investors by 
claiming to have access to the ac- 
counts of leading Japanese politi- 
cians. 

The two brokers were accused of 
offering diems the opportunity to 
invest in issues they said were "po- 
litical stocks," those manipulated 
by local stock brokers and financial 
institutions mi behalf of political 
figures in return for favorable 
treatment. 


broad acceptance of political ccrn substantial g a in s if it invested 
stocks among Japanese investors, in stocks the two brokers said were 
analysts said Wednesday, and the then favored by Tokyo poUtidans. 
extent to which leading securities Nomura Securities dismissed 
houses are widely believed to be Mr. Kashiwagi a month later, when 
involved in trading them. It also *vi internal investigation by the 
coincides with increasing interna- finn revealed that be had used his 
tional criticism over the insider position at Nomura to defraud the 
trading practices of many Japanese investor, 
brokers and corporations. The **o brokers were also al- 

Until recently. Japan had no leged to have used internal Nomura 
laws prohibiting inrider trading documents to gain the trust of the 
Many financial analysts remain prospective client- A Nomura csec - 
skeptical that new legislation, utive said Wednesday that the com- 
which came into effect Oct 1, will pany believed the incident was the 
be effective against it. only one involving the Nomura 

In the arrests on Wednesday, Hi- name, 
denobu Kashiwagi. 38. a former "We _ regret this incident, al- 


pean Community probe of a British « aH, but an agpocy of the state of 
rating that ordered the Kuwait In- *“?*{■ * . w . . . 


vestment Office to sl^sb its stair* in 
British Peerotenm PLC, while a 
lawyer for the Kuwaitis raised the 


prospect of a challenge to the or- were “still shocked" by file 
^gj- order. • 

A European Conunanity spokes- ' Mr. Walter, an attorney with Ste- 


nve investments in the Tokyo mar- 
ket, since they generally advance 
with unusual speed and cany vinu- 
aDyno risk. 

The incident demonstrates the 


February, by promising the con- 


man denied a report that European ptxnsonnarvooa, said a LOorougn 
officials were examining the lejaii- “V^w of the British gpvemmmi s 
macy of the decision Tuesday by ^wuld be completed soon. The 
the UX Department of^ Trade and “^arbs wffl then decade on a 
Industry, which called for the in- of action, possibly mdodrag 

vestment office to pare its stake in a legal appeal, he said. 


day that TCIO dearly is not incar- people are losing sight of the fact the securities are highly specula- principal source of campaign funds mics Co., and Masahiko Dobashi. 

porated here. If s not a corporation rive,” < a i d Wiliam Bullock, a ManviUe spokesman. f 01 x&py members of the govern- 45. who formed his own investment 

at all, but an agency of the state of PhiDip Schaeffer, co-director of a bankruptcy fund at Cowen & ^8 Liberal Democratic Party, firm after leaving Daiwa Securities 

Kuwait." Co., and an investor in ManviUe securities, said be thought part of They are also recognized among Co. more than a decade ago. were 

Earlier. Wednesday, Michael the rise might have resul ted from pressure on those wbo had sold tbe investors as among the most attrac- charged with fraud by the Tokyo 

Walter, the British lawyer repre- stock, short, expecting the price to drop. Such investors would be Dve investments in the Tokyo mar- District Prosecutors Office, 

salting the Kuwaitis, said his di- forced to buy snares io cover their positions if the price began to rise. since they generally advance They are alleged to have de- 
ems were “still shocked" by the But Mr. Dobi said, “It appears the demand is coming from small unusual speed and cany virtu- frauded a local real estate firm cf 

'order. retail account s," he said. He said the stock is worth about St a share. allyno risk. 300 million yen ($225 million) in 

Mr. Walter, an attorney with Ste- Tbe modem demonstrates the February, by promising the con- 

phensem Harwood, said a thorough 

ForU.S. Automakers, a Model End to Year 

Kuwaitis win then decade on a Set to Fall in 3d OlUUler ~ 

course of action, possibly inducting Y By Philip E. Ross themselves raising production Sales of imported cars are esti- 

a legal appeal, he said. Uni,ed Pras ln,emaua ™ New York f- lma Sentce plans throughout the year to meet mated to have totaled 250.000 in 

“If a challenge in Europe is pos- AKRON. Ohio — The Good- DETROIT — Robust U.S. auto demand. They ended September September, down about 13 percent. 

sible,itissometitingwewouIdcon- year Tire & Rubber Co. said sales in late September dosed the with an average 59-day supply of lor an annual sales rate of 3 mil- 

rider," said Mr. Walter. But be em- Wednesday that it was expecting a 1988 model year on a strong note. car5 ' which is considered ideal, lion. In the calendar year 1987. 32 

pharized that snefa a challenge is financially poor third quarter, pri- Americans nurdiaseri 15 6 mil- An ^ 11131 was widiout an end-of- million imported cars were sold. 
n*\t a fnrporvn» (■mpliidrm At. a in nn, i- »- . * . summer clearance sale asm earlier _ n n. n 


treatment. denobu Kashiwagi. 38. a former "We regret this incident, al- 

Sucfa stocks have long been a department head of Nomura Seen- though it does not directly involve 
principal source of campaign funds rities Co., and Masabiko Dobashi, us." the Nomura official said. “Wc 
for many members of ihe govern- 45. who formed his own investment recognize the need to better edit- 
ing Liberal Democratic Party, firm after leaving Daiwa Securities cate our employees." 

They are also recognized among Co. more than a decade ago. were Tokyo investigators said, bowev- 
investors as among the most attrac- charged with fraud by tbe Tokyo er. that the two men are also sus- 

tive investments in the Tokyo mar- District Prosecutors Office. peeled of defrauding another real* 

ket, since they generally advance They are alleged to have de- estate firm. Mogami Kosan Co., of 

with unusual speed and cany vinu- frauded a local real estate firm cf 5 billion yen by using similar meth- 

aDy, no risk. 300 million yen (S2L25 million) in ods. 


Set to Fall in 3d Quarter 

United Press International 


to complete the investigation and 
then 15 days to determine what 
action should be taken. 

The company said it and New- 
moot asked that Mr. Reagan nnme- 


BP to 9.9 percent from 21ri per- “If a challenge in Europe is pos- AKRON. Ohio — The Good- 

cenL able, it is something we would con- year Tire & Rubber Co. raid 

“There's been no approach to the sider," said Mr. Walter. But be em- Wednesday that it was expecting a 
c ommissi on by the KlO or by any- pharized that snefa a challenge is financially poor third quarter, pri- 
body else cm the matter," said the sot a foregme conclusion. manly due to increases in raw ma- 

EC official. He said reviews are A leading newspaper in Tbe terial and employee-benefits costs, 
usually undertaken only if com- United Arab Pmtriitf* Al-Khaleej, Goodyear said earnings could be 
plaints are registered. said Wednesday: “The Bri tish move as low as $1.10 a share, compared 

Tbe only possible b asis for a is yet another reason to prompt with $2.98 a share a year ago. “We 
complaint, he said, would be tbe Arab sta les to study seriously new expect a recovery in the fourth quar- 
claim that the investment office is a alternatives. It is time for migrant ter, bat it is imBxdy it wifl be strong 
company incorporated in Britain Arab funds to come h»efr home, enough to offset the disappointing 
that baa been discriminated against and for a revision of investment past three months," said Robert 
as a shareholder. A senior partner policies." Mercer, Goodyear chairman. 


AKRON. Ohio — The Good- 
year Tire & Rubber Co. raid 
Wednesday that it was expecting a 
financially poor third quarter, pri- 
marily due to increases in raw ma- 
terial and employee-benefits costs. 

Goodyear said earnings could be 
as low as $1.10 a share, compared 


company incorporated in Britain 

that has hem <fi<rrinmnHnH against 

as a shareholder. A senior partner 


ter, but it is untikeiy it wffl be strong 
enough to offset the disappointing 
past three months," said Robert 
Mercer, Goodyear chairman. 


IRVING: Managers Accept Bid MAC MILLA N* f lVo > to Maxwell 


(Continued from first finance page) 
struck down a key provirion of the 
bank’s “poison pili anti-takeover 
defense. 

The defense would have allowed 
all Irving shareholder — except a 
hostile suitor — to buy $400 worth 


Bank of New York, which owns (Contimied from first finance page) boosted a previous offer to $9025 a 
a 4J9 percent stake in Irving, al- share to $88^25 on the New York share in cash, but said that the new 
ready has received conditional ap- c,„ t p T -i,. n -. bid was sulgect to. among other. 


proval to merge by tbe Federal Re- 
serve Board. 

During the past year, Mflan- 
based Banca Commeraale Italians 


Stock Exchange. 

Macmillan agreed last week to 


bid was subject to. among other, 
things, tbe ehmin&tion of tbe “lock- 


lion vehicles in' the year, up about I alt sm earlier 

percent from 1987. making it the y T“, , 

third-best year ever In September, sales of light vdu- 

Sales of UJ>.-made vehicles to- we T c down ^ 6 - 7 P««nt 
taled 11.7 million, up about 35 comparable penod in 

percent from the previous model Wf 7 * ,oia ^ ab ° ul 
year. Sales of imports fed about 15 Tbs was still a good result, analysis 
percent, to 3.85 mfllkm. That de- sa,d - 

dine reflected the weakening of die Ann C. Knight, an auto industry 
dollar against other currencies, es- analyst for PaineWebber Inc. in 
pedally the Japanese yen. New York said the drop in Septem- 

It was a far better year than ana- her reflected, in part, the distortion 
lysts had forecast after its inauspi- caused by clearance sales last year, 
rious beginning in October 1987, Sales of U.S.-made cars were 
when the stock market collapsed, down 6 percent in September at 
From that point economists stud- 57&535, but that amounted to a 
ied each report of 10-da v car sales rare of 7.6 million ner venr the 


of Irving shares for $200 if any SpA, offered to merge with Irving, 
suitor bought more than 20 percent But it recently withdrew the bid in 
of Irving stock without the support August after 'the Fed ruled the It- 
of Irving's management. Such de- laian government agency that 


notes and warrants and .securities. TT. f - 


for signs of culbadts in consumer 
spending They never came. 

Instead, for the first time in 
years. U.S. manufacturers found 


parison. 7.1 
m 1987. 


[ion cars were sold 


September, down about 13 percent, 
(or an annual sales rate of 3 mil- 
lion. In the calendar year 1987, 3.2 
million imported cars were sold. 

■ France Firm on Quotas 

France said on Wednesday it 
was still treating Bluebird cars, 
made in Britain by Nissan Motor 
Co„ as Japanese and subject lo 
strict import regulations. Reuters 
reported from Paris. A first ship- 
ment of 1.000 of the cars has ar- 
rived in the port of Le Havre. 

France’s attempt to impose quo- 
tas on the cars becase their EC 
content is less than 80 percent has 
prompted a protest by Britain to 
the European Commission. 

Under lhc terms of an agreement 
with Japan. France limits Japanese 
imports to 3 percent of the domes- 
tic market. Toe Bluebirds were let 
in Monday because the limit has 
not been reached this year, an In- 
dustry Ministry spokesman said. 


Record Losses 
In*88 Seen for 
Norway Banks 


OSLO — Norway’s trou- 
bled commercial and savings 
banks will lose a record 6 bil- 
lion kroner ($87 1.1 million) on 
loans and guarantees this year, 
40 percent more than J9STs 
record losses, the Bank and 
Securities Inspectorate said 
Wednesday. 

Norway’s three biggest 
banks. Den norske Credit- 
bank, Bergen Bank A/S and 
Christiania Bank og Kredii- 
kassen, are expected to ac- 
count for 70 percent of the 
1988 loan losses for commer- 
cial banks, the agency said. 

It said losses of commercial 
banks, which are suffering from 
corporate bankruptcies, would 
amount to 42 billion kroner. 25 
percent more than in 1987. 


vices are intended to make unsotic- owned most cf Banca Commoriale 
ited takeover bids prohibitively ex- had to supply financial imforma- 
pensive. tion in the Irving offer. 

According to the latest merger In a recent twist in the takeover 
proposal, all present directors of saga. Banca Coznmerriale denied 
Irving would be invited to join last week fh*« it hrfH secret toft* 
Bank of New York’s board of di- with Bank of New York to divide 
rectors, and aQ key personnel deed- up Irving. Allegations about a sea- 
sons would be made by a commit- cret agreement to divide Irving 
tee of directors made up of three were made in a press report rhm 
directors of the Bank of New York quoted a senior executive at Bank 
and two current Irving directors. of New York. (AP. Reutm. UPI J 


owned most of Banca Commodate buy-outs. 

had to supply financial imforma- when it agreed to that offer, 

tion m the Irving offer. Macmillan promised that Kohl- 

In a recent twist in the takeover ’Kravis could buy four of 
saga, Banca Commerdak denied Macmillans businesses for $865 
last week that it held secret talks 111311011 should their merger not be 
with Bank of New York to divide cp^nded. Th°8f businesses in- 
up Irving. Allegations about a se- dude tbe Berte language centers, 
cret agreement to divide Irving **“ , djrect ory division, the threct- 
were made in a press report that mating division and a division 
quoted a senior executive at Bank that publishes state legal codes, 
of New York. (AP. Reuien. UPI J Two days later. Mr. Maxwell 


. V..77 rT .T r .; j r fense. which would make it more O A O - _ 

Kohibcrg^ Km™ u «n mvestmau “y , , t c r * , j f^ " ^ Carrier Pushing Ahetui With Expansion Plans After Texas Air Deal 

femjhat specializes ia leveraged and a limit of $70 milliou (Continued from first finance page) U_S. carrier, signed an agreement As European deregulation ap- to secure additional destinations in 

an the amount of fees to be paid to pressed UJ5. airline company and a 


Kohlbag, Kravis. 

As an alternative, Mr. Maxwell 
said he would pay $900 million for 
the four businesses thai Macmillan 


service-oriented European carrier 
makes sense for both, analysts said. 

SAS will get the access to UB. 
routes that it is seeking while ^ Texas 


U_S. carrier, signed an agreement As European deregulation ap- 
with British Airways late last year proaches, similar accords between 
to set up a world-wide marketing major airlines in tbe United States 


As European deregulation ap- to secure additional destinations in 
preaches, similar accords between Europe. 


agreed to sell to Koblberg, Kravis, Air will get cash that it needs, noted 


and to drop his tender offer. 

In its terse, one-sentence an- 
nouncement Wednesday, MacmQ- 


Anthooy Hatch, an analyst for Ar- 
gus Research Corp. 

Tbe agreement is not unpreco- 


partners hip. and Europe are likely to crop up, 

. . . , , said Andrew Geller, an airline ana- 

The dea! was not wdwmed by Wst for Provident National Bank in 
trade muons in Denmark, which pkfladelnhia 
represent about 8,000 of tbe 34,000 ^Xers. an analyst with 
SAS employees. A onion statement Enskilda Securities, said the agree- 
cnbazed Texas Airt labor rela- mem would strengthen the hS of 

SAS in seeking a new European 
partner, such as Sabena or tbe 
Dutch airline KIM, which it needs 


lan made no reference to Mr. Max- dented, tot it combines dements of 


well’s alternative proposal 

f AP. Reuters, UPI ) 


arrangements m a new 


Swedish and Norwegian unions 
were sfiem about the deal. 


Separately, a report published 
Wednesday said Texas Air is hold- 
ing discussions to sell its East Coast 
air shuttle to tbe developer Donald 
Trump. According to >mideatified 
sources quoted by Tbe Wall Street 
Journal the price tag on the three- 
city shuttle is in the $200 million 
range. A Texas Air spokesman de- 
clined comment on the report 

(AP, Reuters) 



i t 


Banco de Bilbao and Banco de Vizcaya 

ANNOUNCEMENT OF MERGER BETWEEN 
BANCO DE BILBAO, S.A. 

AND 

BANCO DE VIZCAYA S.A. 


The Directors of Banco de Bilbao and 
Banco de Vizcaya are pleased to 
announce that with effect on 1st October 
1988 their two Banks have merged to 
form a new Bank to be named BANCO 
BILBAO VIZCAYA, 5 A (BBV). 

The merger, which has already received 
the necessary shareholders 1 and 
regulatory approvals in Spain, has been 
accomplished under the Laws of Spain, 
BANCO BILBAO VIZCAYA assumes by 
universal succession all the assets, 
liabilities and undertakings of both 
Banco de Bilbao and Banco de Vizcaya 
and these two present banks have been 
automatically dissolved. 

The rights of customers and employees 
will not be adversely affected in any way, 
and the merger will enable BBV to 
enhance its range and quality of 


customer services and to provide wider 
career opportunities to staff. 

BBV is powerfully represented in all 
sectors of the market and is Spain’s 
leading bank in retail, corporate, 
investment and international banking 
operations. As befits its international role, 
BBV has an extensive overseas network 
of branches, subsidiary banks and 
representative offices worldwide and 
with particular focus on countries of the 
European Community. 

The merger between Banco de Bilbao 
and Banco de Vizcaya on equal terms is 
in the opinion of the Directors an unique 
opportunity to create in the form of 
BANCO BILBAO VIZCAYA a truly 
universal and competitive bank for the 
benefit of shareholders, customers and 
staff alike. 



BANCO BILBAO VIZCAYA 









Page 14 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988 


Wechesdajs 

WIEX 

Ciosiiis: 


Tables include Ifie nationwide prices 
up to the closing on Wall Street 
and do not reflect late trades elsewhere. 

I in 7 Tin . hstif infnl Prvss 


13 Month 
High low sloe* 


ty* ft, asi 
10 3to *0MC 
9 4V. AIFS 


Sis. close 

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95 10*, I0W 10'* — Mi 


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Srt 519 Sto 


tS^s Srt AL Labs .13 IX 10 159 131k 12'i int'a 


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3*9 1 AM Ini «v1 

5k. I' « ARC o 
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2rt rt ATTCrwit 
11** 2 ATI 30 

44 30W ATT Fd life 55 

«to 4V. Ab>o aid 
6W 3 Action « 

tw r« AdinRs 4 

14 Art AdRslEI 

2i4u art AlrExp 10 

't to a lam co 
Trt 2rt Airin s 13 

Brt 3 Aiiiecn 

♦rt 414 All-aar 1X0 205 

v 3 Aloha in 

17rt 4V, AlpmQr 

•» rt Atiev 

43rt 36’.-. Alcoa pi 3.75 ».l 
J9rt 14 AIM 45 

3V, AmBrlt J» 1.9 
39 OV; Amdhlv 11 

4*9 2 1 ., AmCao 109 

14 rt 20 ACOPPf 3.75 17.1 

4rt 3 AEvpl 

21k 'bAEkFFwt 
I4rt 5V. AFruC A 7 

12V. 44. AFruC B 7 

Mrt ) 4 AmiPro 140 9.1 

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■*fc 41. 

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™«nny>i^iim — 

Dollar Ends Stead 


EVTERNATIONAL HERALD TRIBUISE, THURSDAY. OCTORKR 6 , 


1988 


Page 15 


CVwpifo/ftv 


.NEW YORK — The doJu! gZ, 
Lille changed against moss 


,-■.»* L • bib 

■-*>'' r <4 ^ ar P drop 


CMn 

OaoiKhennrt 

PWMdihittaB 


,55533® ~ 

* W . 10 concur UmrnKvS I £*<-«? “ “£ 
^aon oaUoofc I 3JST £» !2S 

Pjwanc on the Federal Reserve I Fr «*w>fni»c IS ^5 
' n *y said most of the adivhw 

SSS53ag||5-S JftSSJMK.2- 


jteady in Slo w Trading ! U^S. Home Backs Rule 

^ndon Dollar Rates I w-Eftiff.SftSE 0,1 Forei g^Beld Assets 


Wnlrw 

^riwirmc 


very slightly against a rising dollar 
£■» down from 

j-i.ovbj on Tuesday. But the pound 
was steady at 75.8 on its trade- 
weighted index. 

Dealers said that activity was 
sub dned all day, with thedoUar 
confined to very slim trading 

?Sg 5^“” f - 8610 DM ana 
md ,33Jfi >■ » 

A smdl flurry occurred in the 


s^ilgssss 


“£?/% ««n«sses and property 

S.’S-tt aswfiSar 

potion is considered unlikdy. The H«L Ei^jSSf! 

B5SSL5L »■« *^WSSffS 2 


EC Anti-Dumping Duties Upheld 

ssssskssl satiwit 

a®® 5 STSSSrSSt 
isSSS iSSS 1 ™ 

-rfSrfSK S==sasE* &MSJ5&S: 


yon, couldn't hdpbSt^ mtfdlTtS R«gan threatened to the m^sue. 

sssM^ffe t^a^jsssass 


as impUcation5 -" « ^ “ 

“Evervnnp . . f>w- 1515?*“ P?Wption is that 


after President Ronald 
acquiring more than a 5 


sggJMga^ giSSs^ 


to ooss-ttid- Foreien fin* eccnmio, coSTSL„. 


* '■%&SSS di,ision “ «- 

! ’ JJJ“^flarendedatl.8645Deiit- 

“P ^ 1-8648 on 


ivcuenw, corporate trea- 

“ QKnricad Bank in 
London. He noted thm * i 


S^S? ^ "^“-S 

Relatively firm West Gennan in- firm’s officers and directors. Uty 31111 “a^onahty of the 

terest rates and a lack of dollar 


competition- nents, enabling them to mami 

( i“ another abject of the dispute, affair prices and market share, 
the Japanese eovemment caoi Thm» — 1 _._. 


unts, enabling them to maintain Tokyo. If 

^fP 11 ® 2 ” 1 ! “art« share next Japanese move Sttw 


3^ — iT^tiSSiS finite 1JOS 

133J5 yen. at Deotsdie marks at the dosein 

The dollar rose to U835 Swiss from I - 86 GSDM alTues- 

foncs 1J5830 bat it eLSTS fSfln dose l wfaiIe il advanced to 
6-3470 Fnach francs from 6^95 S -50 ^ from 3 33. 18. The doflS 

The Bntish pound e^S 6 ^ ^ Swiss S 

*1-6950 from 51.6948/^ P 7 ?“ ^ Tuesday's 1J790 and to 


Londnn ti- _ . j — : — “ — ua in - — *«w <uiu a mix or aojiar 
do*m°Sr Si 13,31 a break- I 00115 propelled the mark above 

does tothSL^f^ Won3d P 10 ™ 3 * °- -85 Swiss ]Erancs for the first time 

ance March 1986, dealers saitL 
"ty m the Umted States. Manv d«w. 


Many dealers expect dollar trad- 
jng to be equally sluggish Thurs- 
day, in the absence oTun expected 
pews that might dislodge it tom its 
mdedsive stance. 

Dealers noted that central banks 




r 7 ° ““ w mediate u , screwonver law." requiring that at panics. 

lisaTttssss » *aa=s ^ 

firms. 


(AFP. R ewers) 


to an estimated JU trillion, said 


tripled in the last seven years 
wsentative John W. Bryant. 
s legislation. 


Eff ^£5 Xcha ^g eRate * ®*» Trade Imbalances May Le^ 

aSSSga: ass SsSSS-Ss s^eaasass a^. snSGS S 

gfflg£-arggg s^assa sapsaatssss: ssSs®®? S' 

chief ofSe S^L dcfiat ’ **“ Moneto y Fund. whtoSredjcta^n SSSS 1 whmtments. . * oMh? ca,a ^ 3tI0n “g^ heavy burden on the thrift 


fg-sdose. wfafla hldv^d huS^ST 510086111 MmilS ^ He said ^ 17 Ui a^cics now cSo^^nr f™™, 

X Daden notothhat central banks ^^ 3 ^^^ SmCQ,a,y 

frora^e^^ 1 8 M 790 B a ,SfT ^ de f n onst ra tRd ^ int^S hJ 3SESS .^ife^“ ld ,? h3t . it would discourage foreign 

6-3450 


Khfi al “a 

SU- 
MS! -* :,.• 

?>♦ • •.: 

mw 

iww* * < 

j* ■.: .. 
- • 

,iw> -* a «-. 
!»r(i wv ■ : ■ 

V • .v 

A" 

*--M t 

-“V 1 


04*1 

.4^1 

S4*^f A* 

)M M :?a l • 


sen 


The companies involved in the f *rnrv ■ Tm 

SSSJteS'ftte IJlKlF IS: Cost Estimate Boosted 

SeacaOnou Ina. Sharp Corp. and (Co^tmted from first finance page) In fiscal 1988. which ended SepL 
t?° ^yt ncCo. pared for the Senate Budget Com- 30* the insurance corporation 

The EC Commission began an “““ee. promised S20 l 4 billion in assistance 

mqmry m 1985 mto their trade Senator Lawton Chiles. Demo- to purchasers of sick thrifts, indud- 
practices of the companies, after crat of Florida and chairmaxi of the “>8 $12.8 KUion in promissory 
alleg ation s from European manu- Saate Budget Committee, called notes. 

can I« nie s were “*■ w fD to testify on whether the Money-losing thrift institutions 
s«™g eiectrmuc typewriters in Eu- federal Sayings & Loan Insurance posted a combined loss of S5 1 bD- 
ropeat tmfatr pnees. Corp.. winch insures deposits in lion in the second quarter. That 


. E C siM that in 1984 alone brings and loans, would n rr d a 
the companies had increased their taxpayer bailout 

^ketdarein Europe to almost Mr. Wall insisted that ibe insur- 
KS J? 5 .?J! eTCO,taIlhe ance corpOTation could still handle 


"k- "mtu insures aeposns in uon 111 tne second quarter. That 
wngs and loans, would need a ^ only partly offset by 51 J bO- 
spayer bailout Iron in profits made by 7 1 percent 

Mr. Wall insisted that the insur- °£ ^ industry, leaving an overall 
ce oMporation could still handle 53-6 bl33ion shwtfalL 
s costs if the special assessment , ^I 31 30 improvement from 


ra * nt «« may actnaDv 

°«recton of 4e UA iSid 


fitrope’s 


3SSSPB/S 

sssr”- fc 


Oidpot in Europe to Rise "Sg'L - .££ 

P«1 lira ye»rs win disappear qnta^bd- O^JKRtS£»B- 

«a-.ffiS5IC P»aa=Hfis=c EStaS«=ff a s 


_ $3.9 billion loss in the first 

percent on their typewriters, that this would place “an exca£ S u 2 r ^ cr . nn^ a record S4.0 billion 
toe rate b based on a calculation “Biy heavy burden on the thrift de ” cit “ the final quarter of 1987. 
of the difference between the ex- industry." Mr. Wall said that h was difficult 

portpnee and the “norma] value," When Mr. Wall sueeesied this 10 calculate the effect of the higher 
winch is based on domestic price, summer that the assessment would £ 5 !!? 00 *!“ UlS -. bu<i 8 ff l deficit 
Jne mam argument of the Jana- bnws to continue over 10 vearx hr because only certain lands of gov- 

i i “ - . . lu jwi».ac mrnimi ■ 


assistance count toward 


-*• dom. ttZSTSnS to &£££*« 


J*h r*s 


ir«. • ■ - r 

■ ■<■• : 

.<;• . e - ' 


Prices 

NASDAQ prices os of 4 pun. New York time. 

Vut The Associated Press 


12M0ONI 

HMUwShxk 


Mb. VM. PE& 


■ r.;>rtu<w!i >• • 


1VU Mi A&W Bd 

Shift 5S 3 

1744 

Jh Ih Acodln 
m AcmeSf 

2JI* • AefARt s 

SS^SiSS" 


- *2 na is?* ini us, 

-lowiTtSbiT+e 

- ’S ’iW U 13 _ 

- 7 1 457 M M ! ” 

- 37 1» fft TV. Am “ 


12 Monti? 

HMi Low stex 

SS'IS* Ctnfrtk 
s»JW 4 QtirBc 
JSI. 4 ft Contrc 
A) 17 Contra- 
IMS ITU, oSmT 
T7Jb7M4 CtrCOp 

h 

W4S US ChrmSh 
,JW 7h OrtOne 
J«s 4« ChkPt 
J7V. S Choroko 
1* , 7Va chhiwid 
18 CMIIs 
30 OVh ChlMTc 
gw MS Chlren 
IMS 3h Cbranr 


3MV a» S3£" x l J ® Sw 

SS®. , 4 f i § 

^11? £!?q. B .*wo <3 T9 n | 


market in 1978. 

TTw ooun also rejected a com- 


ue, nations msolvent thrifts fal- 
lowing the resolution of 122 cases 
so far in calendar 1988 


_0h.YM.PE mi Htaa LawiPJAnS 

dS HI ? jSUh]K3SJ -' 4 
:'3j 7 S^afTS 

■70 *7 9 173 15 u*i 15 + £ 

7 .T* at '» s sa ssa-fi 
= B.S’g 
•« 3»ijs a 


_Wy. YMPEiBh HMi LMlP.nK 


r-aSiSiB ; 

ft SR 

s-aaar.nfifiSSs-Sis 


12 Month 

Low Slack 


iiiiiE s “g ii^ssss : 


However, Bruce Steinberg, an 
analyst with Merrill Lynch & Co., 
estimated that the bud ge t deficit 
will be inflated by nearly $15 bil- 
lion a year over the next three 
years, based an a cost estimate of 
$50 billion for bailing out the thrift 
industry. ( Reuters, AP. UP I) 


DMonlti 

HMi Lo» Steet 

i«<* 54* Kruger 
774b 54* ICiOdK 


_Mtf. YM. PE Mfe HWt Low 4 PJ* n!S 


■22 11 15 10V3 
- 33 77* 


M 7 

tPL ft- ft 


Wi 7044 FNHB 
PfMfn 

2 20 FSecC 
» l«i PTem 
J £4 3 ft FtWFn 
JW 244 FtWrld 
224* lift Fiirrv 

21 h lift Fimsci 

J]JJ 4 Rmtm 
1 «? Flohfln 
724b 24* FkiRJI 


IjM 45 W 233 3631. 36 3Mt- ft 

- 71 25 15 7 29fe 3515, 29V. _ 

1.10 £i if ^ ^ 2 * g* " 

^ 81 T8 tS 

r 1 * *i ?r* %*%*+* 
z u 8%^ %% + * 

- 11 « 1M 13V. 13ft + ft 


» NUOri 

MV* Aft LSI Lg _ 

13* S" *■ = fi * * fifclic 

ssiatss. s ^ij d iS fib.? 


QMmia 

HW» Urn Stock 


fljk 3ft PACE 
3544 17ft PCS 


-Dty^m PE HXh High UW4PJU.QK! Httu. Stock 


_Ojv. YM. PE im HRA Low 4PM. OnS 


— 7 4519 SDft 19ft 10 ft s* 

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^>32^ ”2 & 

15 ]07 !>» IB 18ft + ft 


- - 228 34* 


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T m. 101* A.coHTt 


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274* Mft Cube Lb “ u 

fe^aes - ? - 

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17J* 8 ft CoioNt JJ 3 * J 
Jto 5ft ComnJr 32 34 
}84* 104* Comort s .12 4 

J* Cma se *.12 4 
51to 3Mfc Cmorlc * 3 ». 44 


2 « ! » 
40 a 9 31 


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S3 _ 1071 lift H 
20 11 US 2744 27ft 


JKfc J 27 128 13ft l 

34 13 17 84* 1 

•12 - 781 15ft 1; 

■12 4 _ 238 15ft i< 

^44 a Ml rn t 


171* 844 G&K Sv 

f«?iSi g^* 6 

10 ft 4ft Goioc ■ 

V r»c 

7ft 4ft GamaB 
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20ft 10ft GotnB 


AM M 


1-32 74 11 


358 '£ 




" }2J J»ncvR t - 17 139 18 17ft 18+ i* 
a 1M* Agnlco g 40 U _ 32 lift 111 * ill*— ft 

15J* 54* AlrWlsc t _ 7 31? 14ft 14to 14ft * 
38V* 16 Alston 1.10 S5 24 19 TO 19ft 2 D + to 

JSt ?!S oHrt -06O .2 IS 5281 Mft 5 Sto + ft 

Ml* l]Vi Aldus _ 21 432 18ft 17ft 17ft — ft 

19ft 8 ft AhkBr .16 j2l7 132 10 ft JOVi 10 ft 


20to TO Allvwnt 
.74* Jft Alfero 
iSto 74* Alton 


- 31 37V 14 

- 26 75 5 


is® mb _ 
44* 49k - 


'S* ^ 170 9J ^ 322 I7V* 17 


- 5 124 8 ft 84*844+1* 


.7ft 3to AWAfrl 
13 7 ABnkr 

42ft 1044 Amah 
9V* 4to ACond 
nvs 13 AGrert 
. 54 * 3"» AH Sid 
17 9ft AmlnLf 


131* AIM 84 Z49tl44 -. 


_ _ 501 6 V* 54* 6 _ 

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m a3 i5 1124 mS rfv? |«5“ - 

A W n 7W 164? 1» 16to + V* 


IS* *ft AMS — is g {4 14 ft u u _ C 

384* 72 ANtlra 1-40 29 II 205 344* 344* 348* + ft 

15 ’f? £ hEL 0,lW 1?6 - ^ u mi ?«* + _ 

73 8 ft ASvWA 1 J] _ 105 it** 18ft 1 *ft + ft 

164* 6 ASofl .14 3 12 618 15 1«£ Mto - ft 

304* 174* AYvCm _ 50 1061 m 28 ft 29 ** + ft 

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2 f* 15ft Amrltr 1.12 SJ I 1211 2 ift 21 ft 21 ft + ft 

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hhk 


THE SHAH’S LAST RIDE: The Fate ol an 
Ally 

By William Shaweross, 463 pages. $19.95. Simon 4k 
Schuster , . 1230 Avenue of the Americas, New York, 
N. Y. 10020. 

Reviewed by Thomas Powers 


T HIS is not a pretty story. The last days of Moham- 
med Rfiza Pahla vi who fled Tehran in January 1979 
but never abdicated, were spent in itinerant erile, aimed 
away In' one international “friend” after another, 
gouged by his hosts of convenience, and slowly dying of 
cancer as his doctors wrangled over his treatment Only 
Anwar Sadat of Egypt welcomed him in his first week of 
exile, and then gave him a place to die at the end. 

Die skeleton of the story was daily fare in the newspa- 
pers of the time, but nothing you read then will prepare 
you for the sad, cold story W illiam Shaweross tells in this 
fine book. The shah's role in Iran is the background, not 
the subject, of The Shah's Last Ride.” Its moral, gently 
stressed, is that where the “loyalty and convenience” of 
stales are concerned, the one rarely survives the other. So 
it proved with the shah 

The revolution that ended his 38 years of rule delivered 
his country into the hands of the Ayatollah Rnhoflah 
Khomeini, an aged but far from decrepit Islamic funda- 
mentalist. The shah’s old international “friends” were 
confronted with a new situation, and a choice — all too 
easily reached, as Shaweross describes it — between 
loyalty to the shah, who needed refuge, and accommoda- 
tion with the new rulers of Iran who hated him . President 
Jimmy Carter wasted no time in tfarirffno to dose the 
door: He said he didn’t want the shah playing tennis in the 
United States while Americans woe being med in Iran. 

Who can blame him? Iran was afl-rich, the biggest 
country of the Middle East, ate of many sensitive 
listening posts for intelligence on the Soviet Union, 
potential guardian of the gates to the Gulf. You can 
make the list of good reasons for putting relations with 
Iran first as long as you like. Like Carter, the newly 
elected Margaret Thatcher of Britain had her reasons. 


Bruno Knasky of Austria had his, the French, the Swiss 
amt the Germans had theirs. The shah did not get the 
picture until he had worn out his welcome in Morocco, 
which took about a month. South Africa looked like the 
next stop — the only other offer was Paraguay's — until 
David Rockefeller and Henry Kissinger squeezed an 
invitation from the Bahamas. 

But that didn’t last long either- Within two months the 
shah moved on to Mexico, where a long-simmering, 
erratically treated medical condition took over direction 
of what life remained to him. The history of the disease 
that killed the shah forms a fascinating coda in Shaw- 
cross’ book. The shah did not want for money to pay for 
the best medical treatment, but neither life nor death is 
simple for kings. Eight separate groups of doctors cared 
for the sh a h at one rime or another. All were eminent, 
and there's the rub: They resented each other, differed in 
diagnosis and treatment, and poisoned the circle of 
famil y and courtiers surrounding the shah with conflict- 
ing advice. The shah himself was given a vague and 
muffled version of his condition until the end. 

When the dangw of his condition, and the need for 
vigorous medical attention, finally became dear. Presi- 
dent Carter relented and granted the shah permission to 
eater the United States on Oct. 23, 1979, with notorious 
results. Twelve days after his arrival the U.S. Embassy in 
Tehran was occupied and its occupants taken prisoner, a 
heaven-sent crisis, as Khomeini must have thought, 
which gave him a year to consolidate his revolution. The 
occupation ended the shah's American sojourn; he was 
hustled from New York to Lackland Air Force Base in 
Texas and thence to Panama, Mexico having declin ed to 
repeat the honor. In March 1980, the shah returned to 
Egypt where his spleen was finally removed — too late. 
He died in July, conscious of his dignity until the end. He 
never understood how it all happened. 

Shaweross has written a c ompel l ing, even-handed, 
artful book, more like a novel than a history. 

Thomas Powers, author of “The Man Who Kept the 
Secrets; Richard Helms and the CIA, " is at work on a 
history of mid ear weapons. He wrote this for The Washing- 
ton Past. 


BRIDGE 


ila'r? i£i tm Mi m] iJt jj 1 ^ 





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ACROSS 

1 Frosted 
s Actress from 
Greece 
10 Thicke from 
Canada 

14 Ball role 

15 In accord 
i6Tarzan 

transporter 
17 Temperamental 
one 

19 Room addition 

20 Take both sides 

21 Arranged by 
type 

23 Invalid 

24 Computer 
device 

25 Walk like ducks 

28 Opposite of 
estivated 

31 Redes 

32 S.R.O. 
indications 

33 Lingerie item 

34 Loving 

35 Enclosed 

36 Peewee 

37 Tsk 

38 Solemn 

39 Goblin 

40 Purist 

42 Wakes 

43 Unnecessary 
feature 

44 Quaker leader 

45 Yacht's home 
47 Contuse 

51 Author Murdoch 

52 Parade 

54 Resort for one’s 
niece? 

55 Fish locator 

56 "Do 

others..." 

57 Summer 
refreshments 

58 Barbara and 
Anthony 

59 Leave behind 

DOWN 

1 Little rascals 

2 Uncovered 
wagon 

3 Eastern bigwig 

4 Insisted on 

5 Boat mover 

6 Bikini, e.g. 

7 Comcake 



WFATHFR 


wa 

TT£tiiinxtii 

EUROPE ASIA NORTH AMERICA 

DENNIS THE MENACE ^ 


© New York Tones, edited by Eugate MaJesha. 


8 Shirley or 
Sheridan 

9 Spicy 

10 Reluctant 

11 Highway 
trashers 

12 Pot starter 

13 Lack 
18 Grown 
22 Excuses 

24 Clementine's 
dad, e.g. 

25 Floats 

26 Here and there 

27 Toothpaste 

28 Sounder 

29 ‘Sesame Street" 
character 

30 Goes with 
32 Record- 

company name 

35 Cave in 
38 Gathers 

38 Cheat 

39 Merit pay 

41 Crucial times 

42 Alludes (to} 

44 Southern nut 

45 Starling relative 

46 Dull 

47 Radius, eg. 

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a Temp. 17 — 10 183 — Ml. LONDON: Sbowerv Temp. 14 — 8 157 — 481. 
Z Madrid: Cloudy. Temp, a — 8 (B — 48). NEW YORK: Portly ctoudy. 
Z Temp. 13 — 3 (S3 — 371. PARIS: Rain. Temp. 18 — 11) 188— 30). ROME: 
*1 Showers. Temp. 25 — 18 177 —811. TEL AVIV: Nat available. ZURICH: 
r Cloudy. Temp. 15 — 8159 — 481. BANGKOK: Thunderstorms. Temp. X— 25 
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~7Z Temp. 32 — 25 190 — 77). SEOUL: Cloudy. Temp. 20 — 17 188 — 83). 
", SINGAPORE: Cloudy. Temp. 37 — 74 (W — 75). TOKYO: Rain. Temp, 
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INTERNATIONAL HERALD TRIBUNE* THURSDAY, OCTOBER 6, 1988 


Page 17 


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SPORTS 




...• ■*: v .>- ••••--: v.y- •••:.•.. 4 



A’s Edge Red Sox, 2-1, in Opener 


7&r Associated Press 
BOSTON — Dave Henderson, a 
forma- Boston postseason hero, 
singled home the lie-breaking run 
in the eighth inning as the Oakland 

Athletics beat the Boston Red So X 
2-1 Wednesday in the first game of 
the American League playoffs. 

Jose Canseco's home run had 
held up since the fourth inning as 
Oakland's Dave Stewart and Bos- 
ton's Bruce Hurst hooked up in a 
pitching duel. But Wade Boggs hit 


and kept Boggs to a sacrifice fly. In meals. there's no two ways about caughi 
the second. Boggs — a J73 career it." he said. would 

hitter with the bases loaded — Dennis Eckersley, another for- *i « 
struck out in the same situation, the roer Boston star, finished with two center, 


caughi the ball: more likely, it 
would have dropped in. 


first time he had fanned in 22 life- shutout innings for the Athletics, 
time at-bats against Stewart. Eckersley, who won 20 games as a 
Boggs ended the game by sink- starter for the Red Sox in 1978. led 
ing out with runners on first and the major leagues with 45 saves this 
second. season, and Oakland's bullpen had 


AL PLAYOFFS: GAME 1 

“I take this loss personally/ 


a run-scoring sacrifice fly in the Boggs said. “I'll take the blame. 1 
seventh, setting up Henderson's left five men on.” 


heroics on a chilly afternoon at 
Fenway Park. 


Boggs, who struck out 34 times 


tTHWSESTStfl 


B.‘?| j°- lhe . ri ? lh . r °i r .?. d ° 1 ‘ bl ' :?n L “ me be had struck out swinging 

Henderson grounded the next pitch tWK;e - 

into right field for the go-ahead 

skirts I go up there and try to hit the 

Jr , . . . ball hard," Boggs said. “It doesn't 

Henderson, cheered in die pre- w jjo’s on base or how many 

me introductions, was Boston s ar „ nn 

vior in the 1986 playoffs against D . . . . 

lilfomia. His hoSienin rSaZi ¥ ked 10 **« 

e Red Sox when they were one third-sinke swings. 

ike from elimination in Game 5, "A bad swing.” he said of the 


v* ’4ay 


Bob Ln(cr/lSe AaeciMBd Pm 



a record 64 saves. 

Eckersley. who needed only sev- 
en pitches, all strikes, to retire the 
side in order in the eighth, said he 
set Boggs up with a sinker that 
Boggs fouled off on 0-Z The next 
pitch was “a fastball that jumped." 
Boggs swung and missed. 

“1 had a good fastball today and 
1 threw strikes,” said Eckersley. 


”1 was playing him over to left- 
center." Henderson said. “I went 
over and tried to come in on it. and 
that's why 1 slipped. But ! froze the 
runner (Kevin Routine) at second 
and that was my main objective." 

Honeycutt, a' left-hander, took 
over to face the left-handed Boggs, 
who led the major leagues with a 
.366 average- Boggs hit a line drive 
to left fidder Tony Phillips, playing 
his first game in front of Fenway 
Park’s “Green Monster" wall as a 
replacement for ailing Dave 
Parker, for a lying sacrifice fly. 

Hursu chosen to start the opener 
over Boston’s other 18-game win- 
ner. Clemens, because of a 13-2 


“You either get lit up or you strike u? 

them rail W h« vrai thmv/«riV« - fec0n ? 31 ® ,VC U P *“ 1 


game introductions, was Boston's 
savior in the 1986 playoffs against 
California. His home run rescued 
the Red Sox when they were one 
strike from elimination in Game 5. 


them out when you throw strikes — 
it's as simple as that." 

Stewart, a 21-game winner, was 
masterful through the middle in- 
nings. He retired 10 successive bat- 
ters. starting with the strikeout of 


complete game. One of the hits was 
Canseco's long home run through a 
stiff crosswind and over the left- 
field wail. 

The home run brought cries of 
"steroids, steroids." from the fans, 


B3 Hnrarfl/Unurn-Ualwl Pm hn cmit ii n l 


and Bos Lon rallied to win the series. fireL “A very bad swing." he said of 

Oakland's bullpen, which held .. j. . , » 

Boston to three runs in 35 innings u 53111 ^ ial Wednesday s 

this year, did the job again and hum ^ experience was not un- 
Dresnrved the lead Rirk Cvn.r, ^ for a major-league player. 


Boggs in the saxmd, and had little 

trouble unul the seventh. slugger had bulked up on the drug. 

Jim Rice walked with one out. Canseco, who has strongly denied 
and Jody Reed was hit by a pitch, using steroids, played back to the 
Rich Gedman followed with a line crowd, giving a shrug that implied, 
drive to center field and Henderson “Who? Me?" 
slipped and fell, but kept it to single “Sometimes 1 just try to hit flv 
that loaded the bases. It was doubt- bails here because the wall is so 
fu! whether Henderson would have dose." Canseco said later. 


OJASH COURSE: Cento fielder John Sbefi^s nialh-imiiiig 

throw was a spfit-second late getting to catcher Mike Sdosda, Sieved stewS? dieTSes 
allowing Kevin McReynoMs to band home with the deciding nm. loaded and one out in the seventh 


relieved Stewart with the bases “As long as you play this game, 
loaded and one out in the seventh you're going to have disappoint- 


$Iets Score 3 in 9th to Nip Dodgers D oc j org Say Tyson Not Manic-Depressive 

t^r «3aoe Ha-oras hriTlismt nmrin m rWtmp f ntlrau- Tlv VlMenm in ttuw Rnil itJvit rtw^niLi w w A 


i Buffit 


•r-vJ -~- 


By Richard Justice 

Waddngfon Pott Service 

LOS ANGELES — For eight mningy here 
Tuesday night, there had been the briffiance of 
Orel Herahiser and the improbability of the Los 
Angeles Dodgers. There bad been Dwight Goo- 
den about to lose a four-hit. 10-strikeout per- 
formance. There had been two strikes toward 
what would have been the final out. 

Then there were the New York Mas. 

In a few stunning minutes, there were only 
the Mets who, one strike from defeat, rallied to 
beat the Dodgers, 3-2, in the opener of the 
National League playoffs. 

The Dodgers had taken a 24) lead into the 
ninth, but Gary Carter's two-run, two-out dou- 
ble slipped away from center fielder John Shel- 
by nnd finished a stinging rally. 

The bit came shortly after Hershiser’s five- 
week shutout ended at 67 innings (eight of them 
on Tuesday). It came off Jay Howell, who 
hadn’t allowed a nm since Aug. 11. It was a 
haymaker. The Dodgers entered this best-of- 
sevrasmes having lost 10 of II to the Mets and 
hoping Hashiser could give them three vic- 

i tones. He failed to give than the biggest one. 

Said Dave Johnson, the Met manager “I 
really fell the Dodgers needed to win the first 
game. If we could win with Orel cm the mound, 

I thought we could keep our momentum going 
from the regular season. If we lost, I thought 
we'd be oo equal footing.” 

if the Dodgers are not devastated by the loss, 
ihq^ll at least remember it They’d prayed to be 
in this position, to have a 2-0 nmth-tnning lead 
in Game 1 with Hoshiser on the mound. 
They’d had only four hits against Gooden and 
reliever Randy Myers, but they were an out 
away from winning. . . 

; Hershiser had done it to the Giants and 
Astros, to the Padres and Reds. For five weeks, 
the game had been his showcase, the mound his 


FOOTBALL 


National Football League Leaders 


stage. He was brilliant again in Game 1, allow- 
ing only two Mets to reach scoring position 
through eight innings. He was awash in the 
tension and emotion of the playoffs, yet he was 
not only surviving but thriving. 

The beginning of the end came when rookie 
Gregg Jefferies led off the ninth with his third 

NL RLAYQFTS: GAME I 

single of the night. He went to second when 
Koth Hernandez pulled a hard grounder to 
first baseman Tracy Woodson. 

Darryl Strawberry then ended the streak by 
doubling to right Jefferies came home. “Thai 
changed everything." said Carter. “When you 
have a guy who has thrown 67 shutout innmgs 
you think you're never going to score against 
him. When we did, we frn we were bade in iL” 

Manager Tommy Lasarda said that pulling 
Herahiser was an easy derision. “I thought it was 
time," he said. “They hit some balls hard. He got 
a couple of curvebaDs up to Strawboxy.” 

As Hershiser walked riff the mound to a stand- 
ing ovation, Howell walked in from the bullpen. 
The Hershisher streak had gotten the headlines, 
but Howell bad won some i m portant gamgc and 
bad been nearly perfect in his last 18 innings. 

With a 2-1 lead to protect, he walked Kevin 
McReynoWs. He struck out Howard Johnson, 
then got in front of Carter with two curvebalk 
When the Dodgers dissect this soies. they may 
fault Howell, a firebaHer who was beaten with 
his second-best pitch. Carter looped a third 
curvebafl into nente^ Shelby sprinted, leaned^ 
caught the bah, stumbled and lost iL 


The Mets won in their final at-bat for die 20th 
time in 1988. But until that the game had be- 
longed to Los Angeles. Gooden had risen to (he 
occasion, but the Dodgsrs scratched out a first- 
inning run when Steve Saz singled, stole second 
and scored on Mike Marshall's single. They 
added to it in the seventh when Sdosda doubled 
and Alfredo Griffin (lotting .199) rinded. 

Bui they finally got nothing out of it, and in 
Wednesday’s Game 2 they were to face 20- 
game winner David Cone. “It makes it very 


and I missed »t I wasn’t fooled by it I thought I 
had a good chance. That’s why I dove." 

Shelby recovered and threw home, but 
McReynolds banged into catcher Mike Sdosda 
a second before the ball arrived. 


BASEBALL 


is not going out there,” Strawberry said. “We 
have David Cone, and we have to fed good 
about that” 

Hershiser’s streak probably should have end- 
ed in the third, but New York’s third-base 
coach, Sam Feriazzo, hdd Carter at third on a 
single by Mookie Wilson. 

The Mets came dose a gain in ihe sixth when 
Jefferies delivered a two-out single and went to 
third on a single by Hernandez. But they stayed 
pul as Strawberry hit a roller to Franklin 
Stubbs at fnsL 

Otherwise, Hershiser was masterful retiring 
the ade in order in the second, fourth, fifth and 
seventh mning g. 

“No matter what, FH just go forward from 
here,” he said. “I threw the rail better in the 
later innings. I was fortunate early in the game, 
and they were fortunate later in the game. Right 
now, the guys are down, but I don’t think it’ll 
have an effect an tomorrow.” 

Meanwhile, Gooden was at his best In the 
third, with runners at first and second, he 
struck out Stobbs, Kirk Gibson and Marshall in 
order. That was the bcgintmig of a stretch when 
13 Dodgers came to the plate and nine of them 


Said Shelby. “It felt like it Toil off my $ove 13 Dodgers came to the plate i 

ud I missed »t I wasn’t fooled by it I thought I walked back, bats in band, 

ad a good chance. That’s why I dove.” “He was great,” Johnson sai 


“He was great,” Johnson said. “But 1988 has 
been that kmd of year. We’ve been coming from 
behind so many times that yon just keep wait- 
ing for that kmd of thing to happen.” 


By Phil Berger 

N ew York Tima Service 

NEW YORK — Mike Tyson 
received a second opinion on his 
psychiatric state Tuesday, and ac- 
cording to Dr. Abraham Hal pern, 
the world heavyweight champion 
is not a manic-depressive. 

“I saw Mr. Tyson and, from a 
clinical standpoint he showed no 
signs of a major mental disor- 
der,” said Halpem, the chairman 
of United Hospital in Port Ches- 
ter, New York, and a clinical pro- 
fessor of psychiatry at New York 
Medical College. “Certainly 
there’s no sign of a manic-depre&- 
ave condition or psychosis.” 

Halpem said that after exam- 
ining Tyson, he spoke fra more 
than an hoar to Dr. Henry 
McCurtis of Harlem Hospital. 
McCurtis lad examined Tyson 
last mouth at the request or Ty- 
son’s wife, actress Room Givens, 
and her mother, Ruth Roper. 

Givens and Roper have said 
that McCurtis was treating Tyson 
for a manic-depressive condition. 
But Halpem raid that McCurtis 
“does snare the view that with 
Mike Tyson, we're not dealing 
with a manic-depressive or psy- 
chosis." 

“Dr. McCortis spoke of a 
mood regulatory disturbance 
when we talked,” said Halpem. 
"And that’s a far ay from a ma- 
jor mental Alness such as mamc- 


In an interview aired Friday on 
ABC-TVs “20-20,” Gwens said: 
“Michael is a manic-depressive. 
He is. That’s just a fact-” 
Halpem’s session with Tyson, 
which the physician said lasted 
about an hour, took place in the 
office of BiQ Cayton, Tyson’s 


Halpera’s finding cleared the 
way fra Tyson to defend his title 
against Frank Bruno in London 
on Dec. 17. Cayton said he had 
relayed Halpera’s opinion to Josfe 
Sulmman, president of the World 
Boxing Council, which has sanc- 
tioning power over the Tyson- 
Brano match. 

“I told him," Cayton said. 


“that Tyson's neurologisL Dr. 
Carolyn Britton, and Dr. Halpem 
both had given Mike a dean bill 
of health, and JosA agreed that 
the fight would be sanctioned. 
More important, Mike is eager 
for the fight" 

Cayton said Tyson plans to be- 
an training Monday m Catskill, 
New York. 

Britton had attended Tyson at 
Columbia- Presbyterian Medical 
Center in New York after be suf- 
fered a concussion in an auiomo- 
b2e accident in Calskfll on SepL 4. 

Tuesday was the second day in 
a row Tyson bad tamed op at 
Cayton’s office, an apparent sign 
of renewed trust in his manager, 


SOCCER 


Playoffs: Game 1 Boxes 


NATIONAL CONFERENCE 


AMERICAN LEAGUE 


Ht-riin 


Feme 

Yort* 

Rusb 

Past 

TEAM OFFENSE 
Tarts 

Rusk 

Pass 

OAKLAND 

BOSTON 

ahrhbi 

abrhM 

2029 

723 

1304 

San Francisco 

3064 

824 

1340 

Lansfrd 3b 

4 110 Boggs 3D 

4 0 11 

1834 

692 

1142 

Phoenix 

2058 

BSD 

1308 

Hendnn cf 

4 0 2 1 Barrett 2b 

4 0 0 0 

1717 

648 

1049 

Dallas 

1912 

715 

1197 

Canseco rt 

4 111 Evans rt 

4 0 10 

1611 

495 

1116 

Washington 

1865 

504 

13S9 

MoGwIr 1b 

4 00 0 Graenwl H 

3 000 

1607 

532 

1079 

Minnesota 

1836 

570 

1244 

Steinbcb c 

2 0 10 Bnznar 1b 

4 00 0 

1534 

STS 

1021 

Now Orleans 

1780 

660 

1120 

Hussey c 

1 0 0 0 Bulks cJ 

4 00 0 

1531 

458 

1073 

Chicago 

1769 

■91 

878 

Baylor dh 

3 0 0 0 Rice Hi 

3 0 10 

1514 

407 

1109 

PhUodefetWo 

1763 

681 

1082 

Potanla pr 

0 0 0 0 Romine pr 

0 10 0 

1512 

491 

821 

Atlanta 

1722 

776 

956 

PMIItoe W 

3 0 0 0 Porrtsh oh 

1 BOB 

1698 

439 

1059 

Rums 

1640 

667 

973 

GOitego 3b 

4 0 0 8 Reed as 

20 10 

1363 

434 

TO 

Tanwa Bay 

1590 

482 

1100 

Wetsa. ss 

3 0 10 Gedman c 

3 03 0 

1307 

463 

644 

Gram Bm 

M46 

321 

1125 


Romero or 

a o oo 

1303 

4SS 

■45 

Glams 

1432 

449 

«J 

Totals 

33 2 4 2 Totals 

31 1 6 1 

1237 

588 

649 

Detroll 

1192 

393 

799 

Oakland 

Boston 

M0 100 10-3 < 0 
080 M 108-1 4 1 


Cincinnati 8» 7U IW W 

Jet* ISM 691 1142 Photnta 

Denver 1717 648 104* Oo»ta* 

Raiders 1411 4M 1114 ***"*» 

PltbtKiryh 1407 532 1075 Minnesota 

Cleveland 1534 515 1021 Ortear 

Kansas City 1531 450 1073 Cfiicaw 

Miami 1514 407 1109 PhHodetoN 

Houston 1512 491 821 AUarta 

Buffalo 1498 439 1659 toms 

Seattle 1343 434 7» Tainaa Bai 

fnd tampons 1307 MS 64* Bn** Bw 

New England 13*3 4S8 845 Want* 

San Dtosa 1237 588 449 Detrell 

TEAM DEFENSE 

Yorfls Rusk Pass 
1370 4» 895 OllcOW 

.'Cleveland 1409 444 745 AUrmeeqta 

•’ New Ena land 1443 417 824 WtaWnatoe 

Houston U73 519 «S« Sai Frond 

Denver 1507 589 «B »«w OrJea 

Sot DUeo 1441 404 1035 Gown Bov 

Indianapolis 1450 <04 1044 DdlhM 


EUROPEAN CUP WINNERS’ CUP 
{Flrtt Raand. Second ml 
EhntrocM Frankfurt L Grasshoouer* Zu- 
rich 0; Frankfurt advance* on Uawnsate. 

Bekeoaaba l.SaknrvasnrO: Sakacvasaar 
advanc e * on 3-1 C99HB M* . 

SnodetsS. infer Bratislava 0; Sradets ad- 
vances an B -2 aaoraoato. 

Lech Poznan I, FkimurtarJ Vloro 0; Lech 
Poznan adv anc e * on 4-2 oograaohs. 

Guhnanmi.RodaJCO; Rata JC advances 
on 3-1 osmgatt 

EUROPEAN CHAMPIONS CUP 
(PM Romd. Second Lea) 

Monaco Z voiur Reykiavlk 0; Monaco ad- 
vances an 3-1 aaoreoate. 


Asked why Tyson would have 
been taking Gtninm as a treat- 
ment if he were not manic-de- 
pressive, Halpem said McCurtis 
told him that “it was offered as a 
trial to stabilize Tyson’s moods.” 

“Getting his information from 
Mrs. Tyson and her mother, h led 
him to feel Mike Tyson was kind 
of volatile,” Halpem said. 

McCurtis, who has not spoken 
publicly about the case, was un- 
available (or comment Tuesday. 




Mike Tyson and Ms wife, the actress Robin Givens. 


with whom he and his wife and 
mother-in-law have been bicker- 
ing since March. 

What the apparent peace with 
Cayton says about his marriage 
to Givens, a bitter enemy of Cay- ; 
ton's, remains to be seen, as does 
the future role that Roper will j 
have in Tyson's career. 

From the time her daughter 
married Tyson, Roper has dqiict- i 
ed herself as a surrogate mother to 
the champion but has incicteri she 
has little or no interest in bring the 
power behind the throne. 

But in March, when a breach 
began to develop between Cayton i 
and Givens, Roper said, “If I'm 1 
not involved, Michael doesn’t 
fight-" 

This summer, before Tyson 
signed to box Bruno, real estate 
developer Donald Tramp, who is 
an adviser to the champion, at- 
tempted to get Seth Abraham of 1 
Home Box Office, which has a 
multifight contract with Tyson, 
to deal with Roper instead of 
Cayton. Abraham, who had made 
Ins deal with Cayton, declined, 
“Every discussion about Mike 
Tyson from a business standpoint 
has been with Bill Cayton,” 
Abraham said. 

As Tyson has severed his conne- 
tioDs with longtime friends and 
associates, ithas often appeared to 
be because they have suffered the 
displeasured Givens or Roper. 

Neither Roper nor Givens, 
who left the Tysons' Bemards- 
villc, New Jersey, home after an 
outburst by Tyson on Sunday, are 
returning phone calls. 

The complications that have at- 
tended Tyson's career since Roper 
and Givens became involved with 
tom have raised questions about 
the motives of Tyson's mother-in- 
law, who, Givens said in the “20- 
20” interview with Barbara Wal- 
ters, came to her marriage as port 
of the “package.” 


Gretzky Trade Shifts the NHL’s Balance of Power 


The Associated Press 

NEW YORK — The first and 


Kama* City 

Buffalo 

Miami 

Seattle 

Cincinnati 

Raiders 

Pittsburgh 


TEAM DEFENSE 

Pm* Tart* Rasta Pan 

895 Chlcoao 1M2 314 848 

745 Minnesota T3H <05 871 

824 Wtnhkwton 1444 488 957 

954 Sai Franctseo U71 533 938 

9 TB Hew Orleans M fU W7 

Has Green Bov 1434 687 949 

1046 DM las 1648 572 1876 

1733 805 m PWlaOetatita 1644 431 T533 

1729 607 1122 RamS 17BV 523 11 86 

1741 715 1034 ■ Atlanta T730 739 991 

1790 464 1124 Detroit 1730 744 986 

1835 445 1190 Phoenix 1741 594 1147 

1874 760 1116 Tampa Bay 1798 57S 1228 


Came-WtMiaa RBI: Hender so n 11) 

DP: Oakland I, Boston 1. LOB: Oakland 6. 
Boston 9. SB : Wete. Evans. Lansford, Reed. 
HR; Canseco ii). SF: Boses 

IP H RBRB8SO 

Oakland 

Stewart 61-3 5 I I 3 6 

Homvctl W 1-0 02-3 0 0 0 0 0 

Eckentev S. 1 3 T 0 0 1 3 

Boston 

Hurs) L 0-1 9 62237 

MBP: Reed by Stewart. PB: SteMnctL 

NATIONAL LEAGUE 
NEW YORK LOS ANGELES 


Gatatasorpy z RapM we ana 2 - 0 : Gaiato- last word about the National Hock- 

^steouo Bucharest z'soarfa’fttiaue 2 ; League season that starts Thurs- 

stecmo Buchoratf adwnceson7-Jm>ariiopt e . day has to be: Gretzky. 

Six teams have new coaches; 

HJK Helsinki 2, Porto 0; Porto advances ai fo^dozen playCTS WttB traded; the 

3-2 awnoate. NHL sumed new contracts with 


INDIVIDUAL 


INDIVIDUAL 

QaarteriwcBa 


Eskaofb Cbv 
O'Brien. Jets 
fieuertein. Raiders 
DeBenu KX. 
Marino. Mta. 

Keilv. Bu«. 

Pooei. Clew, 
krteo. 50 a 
Briefer. PIN. 
Etwav. Den. 


ATI Can YdsTD int 


An Com Yds TD |gt 

134 

81 1373 12 

3 

Everett. Rams 

134 

88 1039 10 

2 

171 

105 1191 

5 

3 

Montana. SJ*. 

148 

94 1134 10 

5 

91 

42 475 

5 

3 

Lomax. Pha*. 

138 

87 1142 

7 

4 

145 

80 1076 

■ 

6 

Cunti techum, PWL 

144 

84 TI29 

S 

3 

161 

95 IMS 

7 

6 

Hebert. KLO. 

155 

98 1181 

9 

5 

157 

93 1164 

2 

6 

Pel leer, DaD. 

158 

94 1213 

7 

7 

T26 

69 713 

3 

3 

McMahan, CM. 

114 

73 848 

4 

5 

70 

37 416 

3 

3 

5bnms. Giants 

179 

99 1151 

6 

4 

135 

66 1065 

5 

7 

awniianw, wash. 

135 

46 860 

4 

3 

M2 

84 11S 

9 

9 

Long, Oct. 

121 

<7 794 

6 

S 


Wilson cf 
Myers P 
JeHerts 3b 
Hrandz lb 
Stnwbry rf 
McRvtd* if 
Johnson &s 
Ulster sa 

Carter e 

Bckmn 2b 
Gooden o 
Dvksfra cf 


Dickerson. Ind. 

Denetl. Den. 
Warner, Sea. 
AMonon. S.D. 
AMen. Rowers 


0^ 


"Wm'’ 



Shutor Jets M 383 118 24 0 Grata. S.F.(RB) 

Swi Bvft 28 359 12* 30 0 Jaefcson. PWL 

palmer. KX.IR81 24 330 118 171 3 Manusl, Gtanfi 

Toon. Jets J2 M2 HO 24 0 Somwrti Wash. 

SeertaB {ToocMdwm) Sew 

TO Rash Roc Ret Ks 

Alta , Ranters * ® ] J “ ZtTF 

Plnfcetl.Mou. ‘ \ 

uifnrmr SfiO 5 4 10 30 WflEAt- 

ESer/pitt.' 1 4 0 0 34 MM, OIL 

tSE^R«« 4 8 3 1 34 HHLNA 

• Kerlne (IMUbBJ * 

PAT FB LflPt* 

Norwood, fluff. S- S U-14 49 <7 

rnriic. oen. ID- JO 10-13 51 40 Gofer, S.F- 


Allen. Raider* 
Pinketl. Hou. 
Warner. Sea. 
Bfbicr, Pl»». 

T .Brown. RotaHV 


Norwood, fluff. 
Kurils, Den- 
B o«r, Ciev. 
AMWvon, PW- 
BJosucci. tad. 


Oanrtienn, Wash. 


TMlsdilk. PWL 
Scribner. Mina 


Blosucci. tad 7-7 Ml 53 M Jwrfwlta. 7.B 

Pontart 

NO Yds LB AW _ 

mmiciaImiIui. SJ3. S7 1299 42 At Bomtianft, Wa 

SESSl 34 1200 65 462 Arnold M. 

5551. Sd 23 1Q55 70 419 Buford, Glanh 

„ JT B . M 19 847 62 446 TensGlIb. PhD. 

SKS » «!- « « Salbner, Mlim 

PHt R e hime ro 

i ' . NO Tdt Ave LB TD 

li&erdla Ind. 9 W ™ 1 

in 10 IK l!5 41 0 SikOnemo. pno 

i Jet* M 183 123 31 ® Woflkw Ot4L 

SZTil? S «S 24 8 

Xldcoft Reioniers * 

NO TO* AW LB TD 

T.erawn. Raiders 11 329 VS m I 2 

Homonerv, jets 7 m ** * ° 

Martin. N.E. 9 313 23 a « 0 

AJUUlisr, S.D. 10 134 B34 64 0 OrtV, H.O. 


RtoHrs irasoer* Totals 3 

AM Yds Ave LGTD Alt YtaAvo LGTD New York 

129 564 M 141 3 Wallwr, OalL IIS SH « K 1 u, Aaoeies 

93 345 X7 T21 4 Boll. Rom* 106 447 44 25 7 

»| 343 U 21 4 Crele,5J=. 88 431 69 34 I ?oo»Mn«h 

75 331 U Ht I SJIAItcItWL Phot. 73 363 5J> 47 3 £.todcnwn 

97 320 3J 33 5 Anderson, «3A 84 344 40 145 4 v »*5^LOSAnc 

ReceiveTS Recetaer* rv. Conor. SB 

MO Yds Ave LOTD MO Yds A VO LGTD 

24 0 Grata, S.F.SRBJ 35 342 69 17 B Yof * 

38 0 Jackson. PWL 29 258 SJ 34 3 wooden 

m 3 Manuel, Gkmfi a 397 142 35 3 

36 1 Martin. NjOl 37 396 11JI 38 2 

36 8 Sondera, Wwti. 25 «19J 155 5 

Scortoo rroocMoms) LH 

rtPt* td Ron Roc Ret Pt* hbp: to » 

O 34 BoU, Rome 9 7 2 O 54 

0 34 RlCOk AF. 5 1 4 D 38 PlOVOffS 

0 38 Sanders. Wash. 5 8 5 8 30 ■■■■■ — ■ - 

0 34 Andersen, QiL 4 4 0 0 34 

1 34 HHL MA <OJOa< «vts- Ctakta 

0 PtS PAT RS LB PIS ** *;»«« 

9 47 Anderson, NJS, 1M2 10-12 69 41 JO. J; g*” 0 " 

« 40 Gofer, S.F- IMS M3 * » 

7 34 Lonsfart. Rami 1M8 6- 9 66 X ““ 

9 34 Davf*. Att. IMS 7- 9 <7 34 ■? 

3 34 lowebulke. T.B. 9 - 9 Ml S3 33 x ^ Jcfc 

Pvefeii _ij 

Av* MO Yds LG An New Y 

48.1 Bonrtnnft, Wash. IS m SS AS 1 

462 Arnold DA M 10B S4 41A 

4 i» Buford Glanh 30 824 56 412 

44J TellsOlIk, PWL 36 U» 56 *U f™* 

4!4 Sotbner.MInn H,^ 53 489 

potn Rtraraero 

TD HO Yd* An LG TO x-o a - 

3 ) Green, Wash. I 96 HD 32 0 

1 a Sikoftertia, Phoe. It lilt 1M 8 0 

1 l Martin. Do>L « 112 « 21 8 “J H; ^ 

, , u-a.w~ ».« i » « • SS:5;IS!E 

KKKOfT KCTwDtn 

TO NO Yd* Art LG TO 

7 1 WomaRono 7 m 246 M 0 ^ M 

■ 0 Elder, T-fl. 13 30 2U 62 fl *«■ "" 

1 Q Green, Rams 9 20 224 64 0 

. I dm.HA 14 334 22 J 39 0 !*■» rtcesoon 


abrhM 

4 D 1 0 Sax 2b 
a a o a strttw ib 
4 1 3 0 Woodsn uh 
4 0 10 Gibson H 
4 111 Howell p 

3 1 0 Q Marshal rt 

4 6 0 0 Shelby cf 

oooosdaeciac 
4 0 3 2 Dmpsv nta 
3 0 0 0 Hamftn 3b 
2 0 0 0 Griffin xx 
e 00 0 Hershtar p 
Sanak II 
32 3 8 3 Total* 


abrhM 
toe 2b 3 110 

ititote lb 3 0 0 0 

foodsn eh 10 00 

moon H 4 0 0 0 

lowafl p 0 0 0 0 

tofshal rt 4011 

helby cf 4 0 0 0 

cfaecfa c 3 110 

mpsv pfa 100 0 

tarnltn 3b 3 0 0 0 

Sriffln xx 3 0 11 

lersMsrp 2000 

ornate if 0 0 0 0 
Itak 21 2 4 2 
■09 880 605-3 8 T 
106 080 10P-» 4 0 


s ' a *®MM haw new coaches; 

HJK Hotslnkl 2. Porto 0: Porto odwoncesai fora do^ plflyOT WHC traded; the 

Kawragate. NHL signed as w contracts with 

lyg ”* a "eel MQdrid 1,- Reel ad- cable tefevisun and referees. 5m 

vances an 441 amwlt . 

UEFA CUP. *" 

fFIrst Round Secoad Leg) NHL PREVIEW 

Ulaest DassaL Akranesl; Uloest Dazsa ^ ^ 

advance* oa 2-1 oMresate. no aff-sea$on ch imp p cUU rhalTftnpi* 

the trade of Gretzky 

Dunalska stredaA Oeetere VaexlaO; Dun- the .Edition ton Oilers tO the Los 
alska StreOa odvanras an M miwb AnEeles Kings. 

Leak) Warsaw 3. Bavera Munfeli 7; Bayern p-- „ .. ^ . 

Munich advances an 10-4 ogwaato. The Kings , Who flil but gave the 

DukiaPnBtwXRaal5ocieckid2;4-4eBoro, shirts off that huriks far him litrr- 
pata. Ro M ckMw » on Q9iu»E0ai8 nde. gfly changed their shirts when 

Dinamo Zooreb Z Besf Idas 01 Dinamo ad- . . . . 

vances an 2-1 aoereoate Gretzky, switching to new bJflck- 


scoring. They’re also one of the 
biggest, toughest teams in the 
league. 

Gretzky joins another potent of- 
fensive team that ind u e s high- 
scoring Lac Robhaflte — but L« 
Angdes also lacks defense aid 
gnat tending. Still, the Kmgg should 
be in the playoffs again, along with 
Winnipeg, thanks to the poor-rela- 
tive Vancouver Carmcks. 

Detroit, led by Steve Yzerman, 
figures to repeat as Norris Division 
champion. The Red Wings were the 
only team last year to win both a 


regular-season and playoff title in Gccsrefii and Neal Broistv are 
their division, and they gave the among the most gifted North Stars, 
Oilers fits in the conference fi n als, who underwent a big chang e in 
O cago boasts one of the best management with a new general 


centers m the league in Denis Sa- 
vard and one of the league’s top 
coaches in MDtc Keenan; he should 


m anag e r in Jack Ferreira and coa- 
ch in Pierre Page. The best of the 
Maple Leafs is Wendel Clark, but 


whip the Blackhawks into a better Toronto has a lot of problems in 
team than finished third last year, the front office from owner Harold 
St Louis, Minnesota and Toron- Ballard on down, 
to will fight fra the last two Norris Montreal and Boston will again 

playoff spots in the Norris. The fight it out atop the Adams Drvi- 
Bhus added forward Mike Bullard sion of the Wales Conference. Led 
(49 goals and added S3 assists last by all-star defenseman Ray Bora- 
year) in a deal with Calgary. Dino que, the hard-nosed Bruins have a 

nice mix of veterans and young 
payers who developed in the plfly- 
offs. The Canadiens still have many 

of the players who helped them win 

__ » r o d* league title three years ago, in- 

smi to lour U.S. dl ^ R °y 

and Stephane Richer, who scored 
nion’s gold-medal basketball team 50 goals last year. 

. college teams next month. Buffalo, Hartford and Quebec 

ria, 7b-63. for the Olympic title, will finished in just that order last sea- 
of Washington. “It will be their son, and there’s no reason to think 
rill have all of the players on it who they won’t again. The key man for 
ington coach’s Andy Russo. “They the Sabres, who have developed 
^ but it will be their best players,’' strongly under Ted Sator, could be 
ps at Nevada-Las Vegas on Nov. 9; Ray Sheppard (38 goals last year). 
yv. 12; North Carolina State, Nov. The Whalers again will count on 
lev. 17; Kansas, Nov. 19; Tennesse, Syhrain Turgeon for leadership and 
22 Mike Uut for goal tending. Peter 


DinofnoZwrabZBtaJktasO; Dinamo oa- ““““ .7“T 

vances an 2-1 aosroaate Gretzky, switching tO new Uflck- 

KatawfcE Z Glasgow Rangers 4j Gksaow and-Wbtte imifonns tO show off 
odvonces on M oggregote. ,h«- r --o, 


BASEBALL 
Au mlc m Ho w 

BALTIMORE — Homed Col Ripken Sr. 
tMrri-boMCDodwToniMcCroHi NHIna coach. 


their new star. 

And the truest sign of Grefak^s SEATTLE (UPI) — The Soviet Union’s gold-medal basketball team 
enormous ^ talcn [is that his ttade win nlav a 1 0-game tocr against U^. college teams next month. 
uFects not lasttjw Cwas and the goriets, wbo defeated Yugoslavia, 76-63. for the Olympic tide, will 

™ powcr ^ open Nov. 5 against the University of Washington. “It win be their 

it-, vi natiotal team, but Tm not sure if it will have all of the players on it who 

Gretzky wm mate the King bet- pjay^ ^ ^ CMynqrics,” said Washington coach’s Andy Russo. “They 

may phase some of them out by then, but it will be their best players." 
obabry wont be a Tbe rest of the tour wil] include stops at Nevada-Las Vegas on Nov. 9; 

j Illinois, Nov. 10; North Carohna, Nov. 12; North Carolina State, Nov. 

ind Calgary stiU rae \ 4 - Ohio Stale, Nov. 15; VandeririK, Nov. 17; Kansas, Nov, 19; Tennesse, 
ZflFlZfrUZX Nov, 21; and Oklahoma State, Nov. 21 


Soviet Basketball Team to Tour U.S. 


Al Jackson Bftcttfno cooefi and JahimvOatM tCT both On the ice and &1 


t, * 10-11 47 36 LattstartL Ram* 
1DU Ml 49 34 Davfe, AtL 


DeJoina Roms 
EMar, TJ. 
Grata. Ram* 
Gray, N.O. 


Lh AageteS «* 088 100-3 4 0 

BaataVmatag RBI: Carter ID. 

E: Bode man DP: LasAn08ta2.LOB: Now 
You* i Los AteMdeoASB: 5chnda.Unnoer- 
rv. Carter. SB: to tl). Sac: Backmon. 

IP N 8BK1BSO 

New York 

Gooden 7 4 2 2 1 10 


HIP: to by Gwthn. 

Playoff Schedule 

AMERICAN LEAGUE 
Oct. 5: Oakland a. BoNon 1 
Q«t. ii Oakland at Boston 
OcL I: Boston at Oakland 
OcL 9z Bacttn at Oakland 
x-OcL M: Boston at Oakland 
xAKt. 12; Oakland at Boston 
x-ocL 13: Oakland at Boston 

NATIONAL LEAGUE 
OcfL 4: New York X Los Arndts 2 
OCL 5; NOW York at Las Anodes 
Oct 7: Las Annies at Nn* York 
Oct. I; Angeles at New York 
■•Oct. 9: Las Angeles at now York 
x-Ocl n: New York at Las Angeles 
x-0 a. 12: New York at Las Angelas 

WORLD SERIES 
oa. U: American at National 
OCL 16; American of NoMenal 
Ocl IS: National at American 
Oct If- National at American 
ifrOcL »: NoNaaal at American 

jcOct. zi: American at Nattoaal 
>-Oa. ztz American at Natwngl 
IX-ff DKNHri) 


“"gvowdx. office, but probably won’t be a 

TORONTO - ft o M fed Jlmv WIHkons. man- 

ager. tor (tie 1989 seasaa . « . _ 

National Lacme Edmonton and Calgary still are 

PITTSB URGH— Fired Svd Thrift, genarel wym tel an the riaw tnimt the 

"sAku=BANCi 5 cct— AiMBunccd that Jose Smyth e Division of the Campbell 

Morales, batting coadi. wfB not be rrtotaed; CtHlference. In tnC last DYC years, 
nomad Dusty Baker batting eooch, Wendell (he Oilers have won fora StaulfiV 
Kim Hr*) base coach and Gartv MacKenzia n ..j pi. nrt r r / 
manager at Phoenix of the Pacific Coast L^AlpS, and Ule. blamCS WCTC UHah StS 

Leawe. the other year. 

basketball Even vith Gretzky gone, EdhnoB* 

GO LDENSTAT&-teDedM^rade Souza Still hSS aWCSOmC SCO ring 
Bvont to a on»<vear controcL pUSCQ — and the best EOaltOlderiD 

the league in Grant Fnhr. Jimmy 
SSSSJk Cuson, a 50*oal soort who was 

football one of the players acquired in Ihe 

uattaoi Pamon Leap* Gretzky dcaL will join die steHcr 

M«k Ifam Jhji 

on toiurad raitrva Kum, Glenn Anderson, Craig 

indianapous— T raded non sou, guard. ShnpsoQ and Kevin Lowe as the 

MaxdooiforU.drfifthte.g® 

•AY. GtAHTS— Waived Groa Lasker, sole- title m SEC years, 
tv. Stoned Neal GuagamM. solely- fMornmnlH «*T1 rvvwrt oe mm. 

PHOENlx—AmmuneKi (hot Lorrv WIWM, . 

aenerai motmur. dat gt*g been named a lar-seaSOIl divisional Champion, 
via nrmumL Last year, tbe Flames fwnshwi with 

^ittsburgh— waived tthw Ynvno. ttsiii the league’s best regular-season re- 


Nov, 21 ; and Oklahoma State, Nov. 22. Mike Lmi for goal tending. Peter 

• n 1 n o i* Stastny is the bag gun fra the Nor- 

Mlanu Voters Spurn baseball stadium d ^ eDergence ^ ^ Jereey 


MIAMI (AP) — On the opening night of ihe major league baseball and the possibilities in PSttshagfa 
avoffs. voters here voted against paying for a professional baseball have further tightened up the Pat- 


playoffs, voters here voted against paying for a professional baseball 
stadium. An 380 million dry bond referendum was defeated Tuesday 
with nearly 69 percent opposed. With all 504 precincts reporting, tbe 
measure was opposed by 14,105 voters to 6351 m favor. 

Approval would have cost the average homeowner about $68 more in 
Mnnal property taxes. Tbe stadimn would have been bmh only if Miami 
acquired a major league team. 

The city commission vexed in July to rolace the bond issue on the ballot. 
The push to build a 40,000* to M), 000-seat stadium sparked a battle 
between city officials and Joe Robbie, owner of (be Miami Dolphins 
football team, who said his stadimn in Dade County coold accomroodaie 
lag-league baseball should the city be granted an expand an franchise. 


lar-season divisiona 
Last year, tbe Flames 


Quotable 


have further tightened up the Pat- 
rick Division. Last year, the New 
York .Islanders won the regular-sea- 
son title, but oily seven points ss>- 
arated the first-place team from the 
last in the league’s most ex citing 
divisional race. - 

The Patrick has top goal tenders 
— Ron Hextall at Philadelphia, 
Sean Burke at New Jersey, Kelly 
Hinder and Billy Smith with the 
New York Islanders, John Van- 
biesbrocck and Bob Froese with 
the New York Rangers and CXim 
M alarch u k and Pete Peelers in 
Washington. 

The Penguins have two of the 


Fi™uRlL-«ww«iTtaa,va Ufl a.iw,i Last year, the Flames fimsheti with • Dallas Green, the reported heir to IxjoPinjella as New York Yankee Washington. 

^riTTssuRGH— wgiwed ttbo ysubb. tw .1 ^ league’s best regular-season re- manager, about owner George SleinbremJen “He’s a tough man to live The penguins have two of (he 

ta«pa bay— R c-xjgncd Pete Ndorkm. cord Wrae Edmcntcn knocked with mid a tough man to wore for. He speaks his mind, even if at times league's premier talents in center 

Mfiodta. wwvwi Ke«in TBaiwa. center, than o« <rf the playoffs in a sum- he’s not lactfuL Josi like me. I guess we d get along." (LA 7) Mario Lemieux, the NHL’s most 

Mg four-game sweep. lAe the • Martina Navratilova, who m 198B did not win a Grand Slam t mnis valuable player last year, and de- 


Hartford— sew Lindsay coraon. left OQcts, the Flames can scrae goals event for the first time since 1980; “If this year were a fish, Fd throw it fenseman Paul Coffey. Guy La- 
>vtaB. n na cne rha Baura i^ on d Lorry Trad- by the netfiiL Last year, with Ha- back." (AP) fleuT, the hall of famer who came 

^orio^^tamnoiuxntM at h» * n<ri- kaan Lool^ JoCT_Mnlkn and rookie ^ • American Dermis KratowskLafto- winning an OIyn#:bron«medm oat of retirement to give hockey 
Minnesota— Aunae to torina wtth Dine sensation Joe Nieawendyk leading m Greco-jRoman wrestling: “If you shoot for ihe moon maybe you’ll only another shot, hopes to give the 
occareiu. new «4m. the way, they topped the NHL in get to the street lamp, but at least you got off the ground.^ (LAT) Rangers a shot in the arm. 


i 




Page 18 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988 


ART BUCHWALD 


Campaign One-Liners 


W ASHINGTON — In order to 
keep up with the election 
scene, you have lo be able lo say 
something intelligent so that peo- 
ple are aw are of your knowledge of 
presidential politics. Here are a few 
things you can mutter to impress 
friends and strangers alike: 

“My puppy and Danny Quayle 
play together in the same park,” 
“The tiring I admire the most 
about George Bush is that he was 
outside the loop 
when President 


“Michael Du- 
kakis always 
looks as if he has 
just eaten airline 
food” 

“If Beotsen 
loses he's going 
to become a 
card-carrying _ Buchwald 
member of American Express.” 

“The fact that George Bush's fa- 
ther stole Geronimo's skull whoa 
he was a member of the Yale Skull 
and Bones Fraternity doesn't mean 
that the vice president won’t cany 
oat the laws of the land.” 

□ 

“J would rather have a vice presi- 
dent who looked like Robert Red- 
ford than someone who looked like 
Karl Malden." 

“Mike Dukakis doesn't just have 
a stiff upper lip — he’s stiff aB 
over.” 

“Bentsen is the sole candidate in 


Book Fair Opens 
In Frankfurt 

Reuters 

FRANKFURT — The world’s 
largest book fair opened Tuesday 
with a record 8.000 publishing 
companies seeking ways to sell 
340,000 titles, old and new. 

The Frankfurt book fair, begun 
by a group of publishers in a 
church 40 years ago. now attracts 
representatives from 95 countries 
from Albania to Zimbabwe. The 
event runs until Ocl 10. 

Italy is a central theme for this 
year’s fair, with 3,000 Italian books 
and 3,500 books about Italy on 
display. Author Umberto Eco of 
Italy and his new novel “0 Pen- 
dulo di Foucault” (“Foucault’s 
Pendulum”) attracted the strongest 
interest as the fair began. 


this election who keeps showing up 
on the sides of milk canons as a 

missing person." 

“I wish the ticket was Quayle 
and Bentsen. That way I would 
have no problem deciding which 
one I wanted to debate Raisa Gor- 
bachev.” 

“People should get off George 
Bush's back because his friend 
Noriega didn't go to Vietnam. Any- 
one who served in the Panama Na- 
tional Guard was no draft dodger.” 

“I think if Bush becomes presi- 
dent and pardons OUie North, he 
should also pardon the person who 
came up with the idea of naming 
Dan Quayle as his running mate.” 

“Each time Dukakis comes up 
with a health-care plan, the defiat 
gets sick.” 

□ 

“Somebody told me that if Dan 
Quayle is elected, he’s going to 
make it possible for every man and 
woman m this country to get into 
law school — on a minority pro- 
gram.” 

“The reason you haven’t heard 
from Bentsen is that he’s been driv- 
ing cattle across Texas Bum Ama- 
rillo to Houston." 

“The ooly purpose in giving 
money to your party is so that it 
will be used to buy dirty, sleazy TV 
commercials to educate the Ameri- 
can people.” 

“I’d rather have Dan Quayle's 
finger on (he nudear button than a 
lot of the teen-age kids in our 
neighborhood.” 

“My brother is a podiatrist, and 
he says that the reason Dukakis 
doesn't smile when be is sitting 
down is because his feet won’t 
touch tire floor.” 

“If Bentsen ever got a sound bite 
on the evening news, he wouldn’t 
know what to do with it.” 

“I’m sick and tired of jokes 
about Bush and Pearl Harbor. 
Bush was trying to say that what 
makes this country great is the fact 
we can observ e a day of infamy any 
time we want to.” 

□ 

“1 heard that Betsy Ross burned 
three American flags before she got 
it right." 

“If I was Dan Quayle and I was 
running for vice president of the 
United Stales, I wouldn't answer 
any questions either." 

“The wonderful thing about de- 
bates is that nobody has to teD the 
truth as long as the red light at the 
top of the camera is on.” 


Perlman Fiddles 
With Success 


By K. Robert Schwarz 

Sew York Times Service 

N EW YORK — Common wisdom 
holds that Itzhak Perlman is at the top 
of his profession, and, despite occasional 
complaints from music critics, few musi- 
cians would argue with that assumption. 
But the 43-year-old violinist seems both- 
ered by the idea that he may indeed be at 
the top of his trade. 

“It’s really not very healthy to think 
about it,” he says. “If I start saying T m at 
the top,' then I might as well quit, because 
where can I go from there? 

“What I dunk about is that 1 have a 
responsibility to keep on growing musical- 
ly, and not fall into the trap of saying, 
“Well, this works, and I might as well just 
keep making a Xerox of myself.' ” 
There is no question that Perlman is the 
best-known and most popular violinist of 
bis generation. Yet one wonders bow it is 
possible for him to maintain bis spontane- 
ity, considering the pressures of schedul- 
ing. repertory and merchandising. 

Such questions become particularly in- 
triguing when one glances at Perlman's 
1988-89 concert schedule. Recitals make 
up a large percentage of his co mmi tments, 
and allow bum a certain latitude in pro- 
grams. Yet in an interview in his Manhat- 
tan apartment, he was quick to concede 
that his dozens of concerto appearances 
recycle the same handful of works. 

“I’m quite lucky that I’ve never been 
associated with one piece in particular, so 
sometimes I get a rest from certain pieces, 
and afterward they come back fresh,” Perl- 
man says. “The trap that one can fall into is 
the jack of asking questions, when you put 
yourself on automatic and you start to play 
like you’ve played before. That’s one of the 
dangers, and ft is a result of not listening 
well to oneself, of not asking, ‘is it sound- 
ing the way I want it to sound?’ 

“This s umm er I played seven Beetho- 
vens. and each performance was different 
Granted, there are not many pieces you can 
say that about but in the Beethoven there’s 
no such thing as having to search for spon- 
taneity and freshness. Just listen to the 
music and you find it" 

Perlman admits there is an urgent need 
to enlarge the repertory, but says that his 
hands are tied by the tastes of audiences, 
conductors and orchestra managers. 

“Out of my list of 15 concertos, only 
maybe five are often asked," he says. “That 
is simply a question of economics .... 
Unless you have a music director who is 
making his own programs and who says. T 
would like you to play the Berg Concerto,' 
you don’t get asked to do that.” 

Yet he keeps trying to enlarge this reper- 


tory. “I'm always in the process of learning 
new things, like the Walton Concerto, or 
lhe Barber. Elgar was a fairly late entry 
into my repertory', buz not a lot of people 
ask for iL unless you play in England.'' 

With brand-new concertos, the situa- 
tion. of course, is far worse. But Perlman 
has given premieres of concertos by Earl 
Kim and Robert Surer, and has asked Kim 
to compose a new redial piece. And a more 
grandiose plan is being considered. “Right 
now I'm thinking of commissioning a con- 
certo. It’s just a question of deeding on 
somebody. But I'm very much aware erf the 
need to do this.” 

In the meantime, he must look to other 
avenues lo inject variety into his musical 
life. One route is offered by recitals, which 
by their nature offer more flexible reper- 
tory opportunities. 

. “A concerto is like a golf shot: You 
prepare and prepare and then it's one shot 
and that’s iL But a recital is tike a tennis 
game: You plav the game, and you may 
miss a point, but then you can get the 
point and go to deuce, and ultimately win. 
So it's a different kind of experience, be- 
cause you have more of a chance to develop 
the program material.” 

Undoubtedly, the most intellectually 
challenging performance experience is that 
offered by chamber music. Violinists such 
as Jascha Heifetz and Isaac Stern turned to 
chamber music later in their careen, per- 
haps hoping to recapture a freshness and 
collaborative spark. But Perlman’s 1988-89 
schedule includes virtually no c ham ber 
music, which he says disturbs him. 

“I certainly miss it, 1 can tell you that I 
believe that next season well do some 
Beethoven trios with Pinchas Zukerma a 
and Lynn Harrell and that was exactly a 
result of saying to myself, ‘what’s going’ on 
here?* The problem is very serious, one of 
scheduling in the jet age. To do chamber 
music one cannot just say. ‘let’s get togeth- 
er and play.' When you play chamber mu- 
sic for the public, it’s ‘let’s get together and 
rehearse.’ And when you talk about string 
quartets, it’s like having to live with people 
for a year!” 

If enlarging the repertory* increasing the 
number of recitals, and insisting on cham- 
ber-music opportunities are all ways of 
expanding what might threaten to become 
a routine musical diet, one other aveaue 
would promise even more variety — the 
path of the conductor. Violinists such as 
Zukerman and Yehudi Menuhin have vir- 
tually built second careers as conductors. 
Yet here Perlman draws the line. 

“It's a question of the quality of what 
you want to do. I feel the focus is much 
better when you do one tiling. The minute 



Pertoan: Td like to continue the way fm continuing and not stop musically.* 


you start doing something else, you divide 
the focus in two. and I don’t feel I can do 
that. At one point, I got the musical seven- 
year itch — you know, after you play seven 
years, you. want to conduct But now I feel 
that I may. not be as good as T would want 
to be. m probably be one of the few, rare 
musical animals who will just continue 
doing what I started off with.” 

There are Gelds that offer relief from the 
concert stage. One is the recording studio, 
but recently Perlman has felt the isolation 
of the studio more acutely, and has begun 
tending toward live recording. “There is a 
special excitement, the rapport that you 
fed coming to the stage from the audi- 
ence,” Perlman says. 

But it is the mass media that allow Perl- 
man to leave the elevated plateau of the 
concert stage most completely. Does he 
really believe that an appearance on the 
Tonight Show helps to expand the audi- 
ence for classical music? 

“People who don’t think so will tell you 
that it's not true, that you’re not doing 
anything for music, that you’re basically 
doing it for yourself. But I really do think 
that television has played a very important 
role in more promotion of classical musk. 


In a sense it’s the strongest way to bring 
more music to more people. My being on 
talk shows has familiarized countless peo- 
ple with fiddle playing. A lot of people 
come to my concerts who've never been to 
a concert before.” 

As to the future, Perlman says only that 
“I'd like to continue the way I'm continu- 
ing and not stop mnacaDy.” He recalls the 
pure joy that can turn even the most hack- 
neyed item into a revelation. 

“Recently 1 was playing the Mendels- 
sohn Concerto, and after 87,000 tim&s how 
could that bring you musical joy? I did it in 
Paris, with the Orchestra departs and Dan- 
iel Barenboim — he’s a genius — and all of 
a sudden the Mendelssohn was a different 
piece than Td every played before. 

“It was like a chain reaction: He would 
do something, I would do something, we’d 
collaborate, and it was a real breakthrough. 
And to have a breakthrough in a Mendels- 
sohn Concerto ai age 40 plus is quite excit- 
ing. This is what is worth waiting for — 
because in the middle of the whole thing 
you say lo yourself, *Gee, am I lucky. Ami 
in a great profession — to actually make a 
living at something I enjoy.’ ” 


PE OPLE 

A 40th Birthday Port\ 
For Charles end 1,500 

Prince Charles wffl celebrate his 
wSSwvwWov- 14 at a party 
in an inner-city ana of Btnmr^- 
hain. The pany will JejaW Itok- 
1500 of the voting people CfaantT 

hashdped through tite Prtnces 
Trust chari tv he founded. The par- 
ty win be held in a once derelict 
thm depot as an example of thejoo 
and business Minn dewtoped 
since 1982. sard Tom Shebbeare, 
director of the trust . . ■ The prmce, 
a critic of stripped-down modern 
architecture, is also scheduled to. 
ij i y n« the subject on Oct. 28 m a 
British Broadcasting Corp. docu- 
mentary. “A Vision of Bntam- 
”And Charles's wife Diana, lost tn 
tiie second round of a five-round 
doubles charity tennis tournament 
but improved her performance 
from last year's match. jw 

□ 'W 

Natafia Makarova will bring her 
production of the classical Russian 
ballet “La Bayadere” From New 
York to London next May. fining a 
gap in the Royal Ballet's schedule. 
Aprod uction of Betyanun Britten's 
“The Prince of the Pagodas” was 
postponed after Sir Kenneth Mac- 
Mfflan, the choreographer, had a 
heart attack in August during the 
c omp any's Australian tour. 

□ 

David Wise, who wrote the best 
seller “The Spy Who Got Away,” 
has received a telephone call from 
the escaped — . Edward Lee How- 
ard. the first CIA agent to ever 
defect to the Soviet Union. Howard 
called from Budapest to talk 
Wise about the book. The former 
agent, who fled to Moscow a few 
steps ahead of the FBI, told Wise 
he had no problems with the book, 
although be didn’t like seeing some 
of the new information Wise un- 
covered detailing Howard’s work 
for the KGB. Wise, who lives in 
Washington, was pleased to learn 
from Howard that the Soviet lead- 
er, Mtkhafl S. Gorbachev, and other 
officials are reading a translation of 
the book. 

□ 

Mickey Mouse will meet Misha 
the bear, the Soviet mascot, when 
four Watt Disney cartoon classics 
are shown in the Soviet Union. So- 
viet children will get to see “Snow 
White and the Seven Dwarfs.” 
“Fantasia,” “Bambi” and “101 
Dalmatians” at an officially spon- 
sored film festival beginning Oct 
16. Orphans will be invited to rite 
premiere showings. 




t & 


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